Finance: Finance provider will help social enterprises boost their impact

Third Sector, 2 August 2006

A London-based social enterprise has teamed up with a private equity firm to run an initiative aimed at helping social businesses grow and increase their impact.

Community Action Network, a support organisation for social entrepreneurs, and Permira, a European equity adviser, will work together on a two-year programme providing growth capital and strategic advice to social enterprises that need help achieving their long-term objectives. Permira has committed an initial £683,800 of funding to the project, which is called Breakthrough, and will...