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Sustainable Society Directory
Sustainable Society Directory
In an attempt to find a creative solution to the shortage
of funds for businesses with a social purpose, the London
Rebuilding Society is launching 'Investing in London', an
ethical share issue designed to raise £500,000 to be
channelled into enterprises working in the poorest parts of
London.
Potential investors are invited to make a minimum investment
of £250 in shares in the London Rebuilding Society,
which is working to improve Londoners' quality of life by
providing finance and business support to hundreds of social
enterprises, voluntary organisations and community groups.
The funds raised will be invested in enterprises throughout
the capital, and investors will become members of London Rebuilding
Society, which is developing a range of innovative new investment
funds for organisations which trade for community benefit
rather than private profit.
Research carried out for the London Rebuilding Society suggests
that traditional financial institutions are failing voluntary,
charity and community groups, leaving the social enterprise
sector overly dependent on inadequate sources of grant funding.
A consultation exercise carried out with some of the 30,000
social enterprises registered in London shows that mainstream
financial institutions do not understand the special needs
of such groups, leading them to offer potential clients inappropriate
products and services.
To download a copy of 'Investing In London' visit www.investinginlondon.com
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