Big Society Capital and Bristol Council invest £10m in new fund

Big Society Capital and Bristol City Council are cornerstone investors in City Funds, a ‘place-based’ impact investment fund aiming to address the causes and effects of inequality, whilst generating a financial return for investors.

Place-based impact investment refers to impact investments made into a variety of social sector organisations (such as social enterprises and charities) tackling different social issues within a specific geographic location.

City Funds will invest in impact-driven organisations alongside aligned grants and other resources to achieve positive social impact within key communities in Bristol.

Anna Shiel, head of origination at Big Society Capital, commented: “To tackle deep-rooted challenges such as inequality and poverty, we need thriving and inclusive local communities. We believe the best way to help foster this is to bring together investment, grant funding and government support for social enterprises and charities that use enterprise to improve lives in local areas. This is why we are championing place-based investment, and why we have chosen Bristol as our first partner. It is clear they are leading the way, with great energy, wide collaboration, and a strong plan.”

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