BSIF will aim to bridge the gap between investors’ investment goals and the need for longer-term investment into key UK sectors, whilst aiming to deliver a positive social impact. Investors will benefit from enhanced due diligence, transparency and corporate governance in line with best practice. Importantly, the fund will focus on the extensive universe of potential investments typically below a £50.0 million threshold size and will involve development finance alongside established ‘brownfield’ investments. Such investments may provide platforms for scaling.
The deal-by-deal co-investment structure will allow investors to increase their allocation to underlying community-based transactions or themes of specific interest. It is an explicit objective to “partner” with local authorities and local government pension schemes to fulfil both financial, social returns, and potentially to support local area objectives.