The grant-making organisation The Henry Smith Charity has invested £500,000 in the Development Fund of the social lender CAF Venturesome, which provides long-term capital to charities that are building capacity. Venturesome, founded by John Kingston has so far made investments worth £15m in about 250 charities. Other grant-makers to invest in it include the Esmee Fairbairn Foundation and the Tudor Trust.
Charities Evaluation Services has launched the second edition of its good practice guide for charitable funders, Does Your Money Make a Difference? The guide includes resources and tools to improve monitoring and evaluation and, ultimately, the effectiveness of funding. It can be downloaded at www.ces-vol.org.uk/funders.
The social enterprise investment body Resonance is setting up a £2m fund to underwrite community share issues, funding in which members of a community come together to buy an asset such as a pub or a shop. The fund, which has so far attracted £350,000 of backing, mostly from charitable trusts, is likely to be launched formally in the new year.
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