Key Fund is a social enterprise and understands the unique difficulties faced by similar organisations when looking to develop and grow. By providing loan tailored investments throughout the North of England and the Midlands, we are continuing in our mission to break down the barriers to accessing finance, enabling organisations to increase their community, economic and environmental impact.
Key Fund are currently offering a blend of grant and loan finance from £5000 up to £150,000 throughout the North of England and Midlands.
Social Impact Statements:
Social Impact Statements
The Social Enterprise Mark criteria includes a requirement that the applicant can demonstrate that social and/or environmental objectives are being achieved.
In support of this, new applicants and renewing Mark holders must submit Social Impact Statements that summarise their headline activities and achievements, helping show how they are striving to make a difference and stand up to scrutiny of purpose as a social enterprise.
1) Investing in community and social enterprises
In 2015/16 Key Fund invested over £10m in 201 community and social enterprises operating across the North and Midlands of England.
Over 65% of these investees were based directly in disadvantaged communities (top 30% most deprived) and the almost all of the others worked across these kinds of areas.
2) Measures of benefits created
In the year we helped to create 293 jobs, safeguard 188 jobs and create 38 new enterprises. Our investees went on to support thousands of beneficiaries.
3) Case study - example of outcomes
Barnsley Community Build (BCB) is a registered charity with a trading arm, BCB Trading Ltd. They develop and deliver a range of community services, and provide employment and training in the construction industry.
A former industrial town in decline, there was a need to nurture new employment. Barnsley Community Build was created by Barnsley Development Agency and Barnsley Council in April 2001. It has evolved into a self-sustaining social enterprise. BCB runs community-based construction projects, and industry recognised training, providing valuable skilled employment and training.
Their success is helping the long-term unemployed - those with a poor academic record, or from a troubled lifestyle - that prevents them from securing employment, training, or to socially engage.
Key Fund’s most recent investment – a £400k grant/loan in 2015 - was to assist BCB to buy properties for live building projects for trainees, and create 10 new jobs.
BCB also supports an ever-increasing number of charities and community groups building stronger social foundations, as well as providing accommodation for homeless people recovering from health issues. Their community café delivers meals on wheels and luncheon clubs, offering good food and company to those at risk of isolation, such as the elderly.
Over the last three years, 107 apprentices have benefited; 93% have achieved a full NVQ level 2, with a completion rate of 94%; 84% moved into full-time employment. Figures that are well above both local and national averages. In 2014/15, 28 community volunteering events saw over 1000 volunteers participating.