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Big Issue Invest eases cash flow for social enterprises
Big Issue investment arm plans new fund for social enterprises in 2009 and offers cashflow finance.
Big Issue Invest, the social enterprise investment arm of the Big Issue, founded by John Bird, is making loan finance from £50,000 to £250,000 available to meet the shorter term cash flow needs of social enterprises hit by the fallout from the economic downturn.
In other news, Edward Siegel, formerly vice-president at ShoreBank International, the largest community investment bank in the US, has joined Big Issue Invest as its new Director of Investments.
This comes ahead of the launch of a new investment fund early in 2009 designed to create a full range of funding options for the sector including traditional lending as well as equity based investments.
Good to see the social enterprise space once again taking a progressive approach to the increasingly thorny issue of funding.
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