North East Social Investment Company and its first social investment fund, NESIF have been set up to provide an innovative, regional, strategic solution to developing the market for social investment in the North East and to reducing disadvantage, deprivation and social need in North East communities.
The North East Social Investment Company has established a board of business leaders and community and voluntary sector representatives. Their role is to help stimulate and develop the market for social enterprise in the North East and engage with stakeholders.
The £10.2 million, North East Social Investment Fund run by Northstar is the first fund set up by NESIC. It was originally the brainchild of Northern Rock Foundation and Big Society Capital and we should pay tribute to their work in driving forward this project, supported by many other individuals and organisations.