Most charities seek social investment of less than £250,000

Social Investment Business survey says that less then 4 per cent want more than £1m

Most charities seek less than £250,000 of social investment
Most charities seek less than £250,000 of social investment

The majority of charities and social enterprises seeking social investment want less than £250,000, usually for a new project, a survey by the Social Investment Business has found.

The survey was completed by more than 1,000 visitors to the SIB website. It found that 38.6 per cent of respondents  wanted less than £50,000 and 45 per cent wanted between £50,000 and £250,000. Only 3.6 per cent were seeking more than £1m.

Fifty-nine per cent said they wanted money to fund new projects. Only 24 per cent said they were currently "willing and able" to borrow money, and only 3.8 per cent had borrowed money before.

Nearly 36 per cent said they wanted cash to fund a public service delivery project.

An analysis of the survey by SIB says that "the appetite for funding and investment is at an all-time high" and that it is planning to launch new financial products later this year to meet some of that demand.

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