Cabinet Office Risk Capital Investment Fund for Social Enterprises

This new ?10m Risk Capital fund for Social Enterprises has recently been announced by the Office of the Third Sector.the fund will focus on the critical start up and early growth stages of social enterprise development. The ?10m government investment will be matched by private and independent investors and the scheme will be managed by an independent fund manager appointed via a tendering process. Under the rules of the scheme the Government will make the same rate of return on investments as independent investors. It is expected that the fund will open to applications in the Autumn 2008.