THE NORTH EAST SOCIAL INVESTMENT FUND
The North East Social Investment Company (NESIC) has launched The North East Social Investment Fund (NESIF), the first fund of its kind in England. NESIF is a £10.2 million fund set up specifically to provide investment to organisations that are passionate about making a positive social impact by taking on some of the big social challenges faced by the region. These challenges include homelessness, poverty, unemployment, health and social care, mental health, offender rehabilitation and the regeneration of deprived communities. The social investments NESIF can offer range in size from 100k to £1 million and work alongside banks and other sources of finance to deliver the right package of funding designed to meet each organisation’s circumstances and needs.
So, if you’re an ambitious community or voluntary organisation, or a social enterprise dedicated to addressing social issues faced by the region, NESIF could be the fund you’ve been waiting for! NESIF is officially open for business and actively seeking applications from organisations located in or with substantial operations in the North East of England. There is no formal application process but we encourage you to get in touch.
The North East Social Investment Company (NESIC) is backed by Northern Rock Foundation, Big Society Capital, Esmee Fairbairn Foundation, Joseph Rowntree Foundation, and Northstar Foundation, and managed by Northstar Ventures.