Just one in ten youth charities ready for social investment

Only one in ten youth charities and organisations are currently ready for social investment, despite one in five expecting to make five per cent of their income from this source over the next three years.

Such are the main findings of a new report by the Youth Foundation and the National Council for Voluntary Youth services, reports civilsociety.co.uk.

The Growing Interest report questioned 97 managers from youth charities and social organisations and found that there is a strong interest and openness towards social investment funding from this sector.

It was also revealed that 20 per cent of those polled are expecting some sort of social investment over the next three years.

If this was applied to the sector as a whole, the amount of social investment needed would be £5 million.

Recently, the government's Big Society Bank, which aims to distribute around £600 million into social enterprises and charities, announced its first social investment.

The Private Equity Foundation was the first organisation to receive an investment.

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