A new website that explains and simplifies social investment to help charities access it and which is backed by government and a range of sector bodies was launched yesterday.
The Good Finance website contains the first directory of social investors and advisers, up-to-date information and case studies, and a tool to help charities assess whether social investment is right for them.
The project has been funded by Big Society Capital, the Department for Culture, Media and Sport and the social investment foundation Access. It has been supported by the National Council for Voluntary Organisations, Social Enterprise UK, the community groups charity Locality, the creative agency Matter & Co and the social investment organisation Flip Finance.
Kieran Whiteside, the project manager for the website, said: "While the social investment market has continued to grow, charities and social enterprises have often struggled to navigate this challenging and complex world.
"Our hope is that this new website will help charities and social enterprises feel empowered to make informed and educated investment decisions that are right for them."
The website was developed through research and user-focused design workshops with a wide range of charities and social enterprises across the UK, and aims to address commonly identified problems in relation to social investment: that it is often confusing and there is too little information available about how and where to access it.
Nick Temple, deputy chief executive of Social Enterprise UK, said: "SEUK knows from its members that access to appropriate finance is one of the biggest barriers and enablers for social enterprise.
"We also know that the social investment landscape can sometimes feel fragmented, difficult to understand and difficult to access.
"That's why we are delighted to be involved in Good Finance, which has been designed with the users at its heart and is a genuine collaboration between key organisations."