Rebalancing the scales:
Aiming at equity in social investment contracting
Since launching the Fund in 2022, we’ve maintained our commitment to the Fund’s guiding principles, most notably, our commitment to actively addressing inequality by increasing access to finance. Some of these challenges were known to us when developing the Fund, and others, such as challenges within the legal process, were unexpected.
Today, we’re sharing our insights with you, highlighting some of the barriers we’ve faced during the contracting and negotiation stage of our deals, and the steps we’ve taken to address them.
Our report is structured as follows:
- In section 2 we share broad learning from GIF and key insights from interviews with seven of our investees and six legal professionals. This section also shares how we’re using these learnings to improve the Fund experience.
- In section 3 we present summary learnings from a learning roundtable run in partnership with Bates Wells and partners across the Equalising Deal Terms project. This section outlines key discussions from the event, our own findings, and shares implications for the wider sector around term sheets and the contracting process.
- Section 4 of our report shares our next steps as a Fund, and makes some calls to action that can support you in this work.
Read the full report, and share your thoughts with us!
Big Issue Invest Fund Management (BIIFM) is the fund manager for the Growth Impact Fund, and the fund is addressed to professional investors only. Capital at Risk. BIIFM Ltd is authorised and regulated by the Financial Conduct Authority (FCA) FRN 610618.
