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Triodos Bank joins the Reach crowd
Capacity building programme which helps charities and social enterprises 'access' social investment welcomes Triodos Bank.
- 10 May 2019
Triodos Bank UK has become an Access Point for the Reach Fund, which provides grant support to charities and social enterprises who are progressing towards taking on social investment.
To apply to the fund, an organisation must have a credible business proposition and be referred by a social investor registered with the Fund, known as an ‘Access Point’. The Reach Fund programme is managed by Social Investment Business.
As an Access point, the Corporate Finance team at Triodos will use its considerable experience to help organisations submit their grant applications to help them become investment ready. The team is available to help and advise organisations on governance, business planning, financial structuring and impact measurement before taking on repayable finance.
The social investment could be raised directly through the Triodos Crowdfunding platform www.triodoscrowdfunding.co.uk, or through a loan from Triodos Bank or another social lender or social investment fund.
Dan Hird, head of Corporate Finance at Triodos Bank, said:
“This is our core business and we actively encourage approaches from charities and social enterprises looking for financial and investment readiness advice, or for funding through our crowdfunding platform.
“By becoming an Access Point we can help more organisations by boosting their investment readiness and assessing the right funding path for them. We have been promoting and providing social investment for over 15 years and know it can positively impact people and the world we live in. We are proud to be an Access Point and to find another way of supporting charities and social enterprises in England to deliver meaningful services to our communities.”
Deborah Smart, head of Grants at Social Investment Business, said:
“We’re delighted to have added Triodos to our list of social investors that can refer applicants to the Reach Fund. Triodos is a committed and longstanding social bank, with a focus on financing innovative organisations that benefit people, the environment or culture. The aim of the Reach Fund is to help charities and social enterprises to raise investment and build resilience: by adding Triodos to our list of approved Access Points, we will be better able to help organisations to maximise their impact.”
Investments offered on this platform are not readily
realisable, which means that they may be difficult to sell and you may not get
back the full amount invested. Investments are not covered by the Financial
Services Compensation Scheme (FSCS) and your capital is at risk and returns are
not guaranteed. Repayment of capital and interest or payment of dividends will
be dependent on the success of the organisation's business model and past performance isn’t a
reliable indicator of future performance. You should
always read the offer document in full before deciding whether or not to invest as it
will cover risks specific to an individual investment. You can read more about
the general risks associated with making these types of investments. If
you are unsure if any of these investments are right for you, you should
contact an Independent Financial Adviser.
Triodos Bank UK Ltd. Registered Office: Deanery Road, Bristol, BS1 5AS. Registered in England and Wales No. 11379025. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 817008.