12th January 2021
Our UnLtd Investment offering is for social enterprises ready to grow their impact and organisation, specifically ventures in England creating opportunities for employment. Our social investment team delivers investment, grants, and dedicated support from a Portfolio Manager.
This year presented many challenges to our Investment team and our ventures, and the communities being supported. In March, we offered more flexibility to our ventures, including a six-month repayment freeze and fund extension for the entire investment portfolio. Thanks to the Access Foundation, we were also able to offer grant funding support to several Impact Fund ventures in the summer of 2020.
We also asked Thirty Percy, one of the Thrive A2E partners, to convert some of their investment into grants for Thrive A2E graduates. Thirty Percy agreed, and the money was quickly distributed to enable the ventures to continue to support people into work. The ventures who received this emergency grant are:
Key challenges for the year included: female founder-led and BAME-led ventures at the highest risk of defaulting, the need to digitise ventures, preventing burnout, pivoting business models, legally advice, sales strategy, and business planning. Our investment team provided our portfolio with support in these areas, while also helping to secure other grants and funding opportunities.
2020 in statistics: