# Esmée Fairbairn invests £1 million in CAF’s Venturesome funds

- Link: https://fundraising.co.uk/2009/11/30/esmee-fairbairn-invests-1m-caf039s-venturesome-funds/
- Published: 2009-11-30T15:18:45+00:00
- Author: Howard Lake

The Esmée Fairbairn Foundation has committed to investing £1 million into Venturesome,
Charities Aid Foundation’s social investment fund. Of this, £500,000 has been allocated
to Venturesome’s Bridging Fund, £250,000 to Venturesome’s Development Fund, and 
£250,000 to the Innovation Fund.

 

The Bridging Fund offers low-risk working capital and cashflow loans to charities.
The Development Fund deals in higher financial risk situations, and aims to support
charities to build their capacity to achieve increased social impact. The Innovation
Fund is a research and development fund which tests new financial instruments and
innovative ways for funders to work.

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John Kingston, Director of Venturesome, said: “This is a tremendous vote of confidence
by a leading grant-making foundation in the Venturesome model and our mission to
build a robust social investment market.”

 

Danyal Sattar, Finance Fund manager at [Esmée Fairbairn Foundation](http://www.esmeefairbairn.org.uk)
added that it had supported Venturesome for several years following its establishment
in 2002. The new funding took the total it had invested in Venturesome to £1.8 million.

 

www.cafonline.org/default.aspx?page=6903

 

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