Calling all social enterprises!!

If you are looking for finance but are not sure where to start or how to approach the funders that you really want to be talking to, this event is for you!

The Impact Hub King’s Cross Finance Fair is the perfect opportunity to meet finance providers, from high street banks and crowdfunding specialists to angel investors and social loan funds.

Not sure which type of finance is right for you?

Each finance provider will give a 5-minute presentation of what they do, the kind of businesses they work with and a realistic overview of the opportunities they may be able to create/ facilitate.

Who will be there?

We already have Big Issue Invest, Mustard Seed, Bethnal Green Ventures, CAF Venturesome, NatWest Bank, Seedrs, Community Impact Partnership (Peabody, Clarion, Orbit, L&Q), LEAP – FEA Network, PICNIC and Crowdfunder confirmed. Please see at the bottom for a deiscription of most investors. Check back closer to the date of the event for more details.

What will happen on the evening?

After the finance providers have given their presentations, there will be a short networking break and then the exciting part – meeting the finance providers!

You will be given the opportunity to meet up to three providers for 10 minutes each. During this time, you will have the opportunity to pitch your business, ask questions and really explore how you could take this further.

Please note: All slots will be allocated on a first come first serve basis based on your selection and the compatibility of your business with the providers’ investment criteria.

Want to talk to someone that you haven’t been assigned an appointment with?

Don’t worry! There will be plenty of time between appointments and towards the end of the event to grab a drink and network with fellow entrepreneurs and funders.

How can I attend?

Make sure that when you RSVP via Eventbrite that you pay attention to the checkout page. Be sure to tell us if you want to meet the finance providers, who you would like to meet and the type of finance you are seeking by September 1st.

By letting us know this information we’ll be able to optimise the matching process and make sure that we get you in front of the people that will be able to help you most.

What happens if you find you cannot attend anymore?

If after you have booked your ticket you find that you cannot attend for any reason, please cancel your ticket so that appointments can be made available for other social enterprises.

*We expect this event to be full, so please arrive 10 minutes early.

Who are the Finance Providers?

– Equity crowdfunding.
– Working with businesses from pre-seed to pre-IPO
– criteria: scalable, strong market fit/validation, strong existing community.
– from £50K to £8M

Mustard Seed:
– Early stage/pre-revenue
– Sector: Environment, Community, Economic inclusion, Education and Health
– Types of finance – Equity
– Typical amounts – 200k – 700k approx.

Community Impact Partnership- Peabody, Clarion, Orbit, L&Q:
– Their investments can support organisations with a social purpose that are delivering goods and services within local communities, with a particular focus on areas served by the four housing associations that are partners within the CIP.
– They want to support organisations that are looking to grow, innovate or diversify their income streams so they can become more financially independent and achieve greater impact in the longer term. Their ambition is to support social enterprises to enter the supply chains of the housing association partners and others across the public sector.

Types of finance:
Investments of £25k – £150k
Mix of grant and unsecured loans
Average 7% interest
1% arrangement fee on loan amount
Loans repaid over maximum of 5 years
Up to 12 months capital repayment holiday

Typical amounts:
Up to 150K investment

They also are an access point for the Reach Fund.

FEA Network- LEAP
– Supporting: sustainable and community based food and farming enterprises
– CICs, CBSs, Cooperatives, CLGs (they cannot fund sole traders)
– Early to intermediate stage with proven revenue model and community of support
– Clear social and environmental impact
– types of finance: Unsecured loans and grants
– typical amounts: £25-100k loans, plus grant at 18% of the loan amount

– Crowdfunding platform
– £5K match fund grants available from Natwest for female entrepreneurs

The community business loans offer funding from £30,000 to £750,000 and also offer flexible terms and repayment holidays, as well as access to sector experts

Also work closely with NatWest Social & Community Capital who offer alternative funding to business charities and social enterprises who don’t qualify for mainstream loans.

PICNIC is a £3.3m impact investment fund aiming to activate urban parks and green spaces by unleashing the potential of the community organisations that use them. PICNIC offers flexible, unsecured loans of between £25,000 and £150,000 to organisations and social enterprises, alongside support provided by the National Trust.

CAF Venturesome

CAF invests in enterprises:
– Registered in the UK
– With a clear social impact
– With a turnover above £60k
– Who have been trading for at least a year
They can invest between £25k and £400k, typically as an unsecured loan. However they also do secured loans, quasi-equity investments, charity bonds and social impact bonds.