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Léo Vuillermoz

Team Administrator

Charities Aid Foundation


OUR 2016 ROUND-UP

22 December 2016

2016 has been quite a year. From one electoral earthquake to the other, here at Venturesome towers we decided to keep ourselves busy doing what we do best, providing much needed risk capital to social organisations here in the UK to grow and manage their operations. We’ve also tried to make the most of every occasion to celebrate. And we’ve done a pretty good job at it!

One highlight of 2016 for us has been the celebration of our 500th deal, for which we gathered our investors and investees for a very enjoyable evening!

We also got shortlisted for the Social Investment Award, hosted by the Cabinet Office and NatWest. Our social investment into the pioneering Totnes Community Development Society and our SE-Assist programme were shortlisted respectively in the Institutional Social Investment and Market Building categories.

OUR DEALS

We have worked with a wide range of exciting organisations that are delivering valuable services across all sectors. Here is a short selection of interesting deals we have done this year:

  • We provided development finance to sustain and grow an NGO called PEAS, one of the leading providers of non-state secondary education in Africa;
  • We worked with CAF Bank to help Cornwall CLT develop affordable homes in Saint Teath, Cornwall;
  • An unsecured loan was offered Youth Inspired which supports young people with severe learning difficulties in Bedford;
  • We were also delighted to have made a loan to the unique and long-standing charity Prisoners Abroad which supports British citizens held in foreign prisons;
  • Books Beyond Words is a CIC that designs and publishes books for people with learning disabilities. Venturesome supported them with the next stage of their expansion.

OUR THOUGHTS

As well as deals we also contributed to the general reflection within the social investment sector and tried to explain what we do and how we do it as clearly as we could. We covered many topics this year, including:

 

OUR GROWTH

There have been some exciting developments for Venturesome in 2016, in all regards: more partners, more team members and great success across all our funds.

With a full team, we are now ready to face 2017, its opportunities and its challenges! There will be even more exciting research and developments coming from Venturesome towers so please keep your eyes peeled! As we roll into the New Year we just wanted to say a big thank you to all our supporters and to wish you all a Merry Christmas and a Happy New Year!

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