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Nesta seeks investees for £25m impact investment fund
We're looking for organisations that can be profitable; not just in terms of returns for our investors but because organisations that are profitable can build their sustainability and scale their impact
Nesta, the UK’s innovation foundation, is looking for 'at least 20 great organisations' to back through Nesta Impact Investments, a new £25m impact investment fund.
Today, Nesta announced the first closing of the fund, which is run through its wholly-owned subsidiary, Nesta Investment Management. Over £17.5m of commitments have been made for this first closing, and the target is £25m. Alongside Nesta, the current investors in Nesta Impact Investments are Big Society Capital and Omidyar Network.
Speaking to Social Enterprise Live, Joe Ludlow, director of Nesta Investment Management, said: 'Over the four to five years we will be investing this money there are going to be at least 20 great organisations that we can back.'
- Health and wellbeing of an ageing population
- Educational attainment and employability of children and young people
- Sustainability of communities
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