Big Issue Invest and TSELF join forces
29 June 2012
Two of the UK’s leading social investors, Big Issue Invest (BII) and The Social Enterprise Loan Fund(TSELF) have announced they have merged – the first merger in the sector between two Community Development Finance Institutions. Both
organisations have a strong track record of investing and making loans to social enterprises and charities. The merger
provides a platform for growth and allows for a combined total of £8m to be immediately available for investment as
individual loans or equity-like investment in amounts ranging from £50,000 to £1m.
To date, BII and TSELF have invested in 185 enterprises and disbursed over £18.5m in loans and investments. Nigel Kershaw, CEO, BII, said: “Both organisations have the same mission – to dismantle poverty and inequality, and we do this by investing in social enterprises and charities providing sustainable solutions to social and environmental challenges. We owe a debt of thanks to all those social enterprises that have come to us for finance. As TSELF and Big Issue Invest are social enterprises ourselves this has allowed us to reinvest even more into the sector rather than pay out dividends and bonuses.
TSELF will now operate as part of Big Issue Invest, the social investment arm of The Big Issue.
For further information, visit the Big Issue Invest and The Social Enterprise Loan Fund websites.