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Investment fund: UnLtd Level 1 Millenium Awards
28 March 2011
What areas of the UK does this fund invest in? All over the UK
Is this fund sector/asset class specific? For social entrpreneurs
Are start-ups eligible for this fund? Yes
What organisational structures are funded (eg CIC/Charity/CLG)?
UnLtd funds individual social entrepreneurs rather than organisations.
What structures does this fund use (e.g. equity/unstructured loan/grant etc)?
Awards in the form of a ‘grant’
What return do you look for from an investment from this fund? No financial return
What impact do you look for in an investment from this fund? Evidence of social impact
Minimum size of deal: £500
Maximum size of deal: £5,000
What proportion of investments are classified high, medium and low risk? N/A
Are audited accounts required? No
Is match funding available? No
Is there maximum and minimum recipient turnover requirements? N/A
Is a percentage of investee income to come from trading? N/A
Do you have a preferred and/or maximum length of investment? 12 months
Level 1 Awards are for individuals or informal groups who are:
• 16 or over
• Living in the UK
• Not part of an established organisation
To be eligible the project must:
• Have a real social impact
• Fulfil a clear need and demand
• Have clear output and goals
• Provide a learning experience or opportunity
For more information, visit www.unltd.org.uk
www.unltd.org.uk/020 7566 1100