The work of Trust for London is not limited to making grants; we also use our resources to tackle poverty and inequality in other ways. One of the ways we do this is through social investment. We call this strand of our work ‘Capital for London’.
Entirely separate from our grant making, social investment (sometimes called ‘mission related investing’) allows us to offer organisations the financial investment they need to support work which generates an income whilst delivering social returns. For example, a community organisation that needed funds to start a trading venture or to scale up its capacity to deliver contracted services, could be funded in this way.
This type of support can help organisations to diversify their funding base, reduce their reliance on grant funding and increase their social impact. Typically our social investments will be loans or equity but, unlike grants, must be repaid with interest. Whilst we can be flexible about the size or type of investments we make (and how much interest we will charge), all investments of this type must deliver useful social outcomes.
We therefore want to hear from organisations (with a viable business case) seeking or considering investment as a way to help them develop sustainable work with positive outcomes for society. Like our grants, our social investments can only support work that benefits Londoners, but we look at each opportunity on a case-by-case basis and are happy to discuss early investment ideas with you.
Importantly, making social investments does not affect the amount of funding we have available for grant making.
Currently, we have £8.2 million invested in projects that are delivering important social benefits. Two recent examples include:
- A £150,000 loan to Bathtub2boardroom to help expand its services supporting new entrepreneurs.
- A £250,000 loan to K10 to help it increase the number of excluded Londoners accessing high quality apprenticeships in the construction industry.
One significant investment (£2 million of equity) has helped create the Foundry – a large scale project that brings together some of London’s most innovative and progressive social justice and human rights organisations in an affordable award winning building.
We’re listed on Good Finance, a website to help charities and social enterprises navigate social investment.
Capital for London: what we will invest in
Capital for London FAQs
From our Twitter
Young parents are more likely to be living in poverty and social exclusion in London than anywhere else in the UK. A new report from @4in10 and @PYL_London comes out this Friday, April 27th, exploring this issue. Book here to join the discussion: https://tinyurl.com/y95hlk6l23 Apr 2018
. @CityBridgeTrust launched their new grant programmes today. If you are interested in applying for funding, find out more here: https://www.citybridgetrust.org.uk/what-we-do/grant-making/ … #BridgingDivides23 Apr 2018
Public sector workers are facing larger debts due to a squeeze on living standards. This is especially true for emergency service workers. #CostOfLiving https://www.express.co.uk/finance/city/949692/finance-latest-personal-insolvency-public-sector-workers-debts …23 Apr 2018
Remember our helpline for undocumented migrants runs Mon, Tues, Thurs 10-1 020 7553 7470 and is completely free thanks to @trustforlondon . Please do donate if you can though, to assist our work on the hostile environment https://www.justgiving.com/jointcouncil-welfareofimmigrants/donate/?utm_source=website_cid224582&utm_medium=buttons&utm_content=jointcouncil-welfareofimmigrants&utm_campaign=donate_white … https://twitter.com/jessphillips/status/987639852819779585 …21 Apr 2018