Key Fund, the North of England’s specialist social investor, has launched a new £10m fund to invest in 300 social enterprises over the next three years. Founded in 1999, the Sheffield-based Key Fund has supported thousands of social enterprises to deliver positive social impact in communities across the North and Midlands. Social enterprises supported can operate across any sector, and could be as diverse as new artists, reducing homelessness, recycling projects and community-run pubs. The new £10m fund includes loan and grant investment packages of up to £150,000 per business. Key Fund have also secured a £4.5m finance arrangement from Big Society Capital, to support general investment activity. Sheffield Live! reporter Simon Thake spoke to Matt Smith, chief executive of Key Fund.
Source: Sheffield Live!