Investment Fund Impact 12 Launches

Twelve universities across the UK have teamed up to launch Impact 12, a multi-million-pound impact investment fund.

Developed by Social Investment Scotland (SIS), an impact investor and responsible finance provider based in Edinburgh, in partnership with the University of Oxford, the University of Cambridge, Northampton, Coventry and eight universities comprising the MICRA Project (Aston, Birmingham, Cranfield, Keele, Leicester, Loughborough, Nottingham and Warwick), the fund will support mission-led university social ventures motivated by beneficial social or environmental impact, rather than solely by profit.

Impact 12 aims to accelerate the development and success of impact-led social ventures spun out of universities. It will support social ventures with innovative finance tailored to their needs, including equity investment and debt. The fund will launch later this year with an initial fundraising target of £8m. The capital raised will be deployed to support up to fifteen social ventures from across the partner universities, with both seed and follow-on funding over the next ten years.

Impact 12 will be managed by SIS Ventures, a wholly-owned subsidiary of SIS, which provides the tools and investment required to help early-stage mission-driven businesses grow and deliver social impact at scale. SIS Ventures will shortly be recruiting a dedicated Impact 12 Senior Investment Manager whose initial focus will be fundraising.