Scope, a leading UK disability charity, has launched a new investment vehicle titled the Grangewood Venture Philanthropy Project (GVPP) to tap into private funds for its latest housing project. The GVPP is expected to generate a total value of £1.8 million over three years, at the estimated net cost of £1,750 to each investor which will in turn create value to the charity of £18,000. Tom Hall, Scope’s head of philanthropy and social investment, explained the rationale behind the funding decision “As capital finance is difficult to raise, and government grants are not an option, we decided we had to create new ways to find the money… This method means that people can donate and loan money and we can then use that to lever commercial finance.”
Read the full article at philanthropyuk.org.
