As government cuts public sector spending, sports clubs, community organisations and social enterprises working with young people need to find new sources of finance to survive.
Deutsche Bank’s social finance strategy is supporting Born to Be by making youth unemployment a key investment theme.
The bank’s £10m Impact Investment Fund provides finance via intermediaries with the aim of generating both social impact and financial return. A significant portion of the portfolio will be dedicated to social enterprises working with disadvantaged young people. The bank takes a seat on fund advisory boards to have a say in how funds are invested.
Organisations may not be ready for investment. Through input on strategy, governance, business planning and financial management, Deutsche business mentors can help them follow a more sustainable path.
Grants are often the only source of financial support grassroots organisations can access. The Deutsche Bank Small Grants Fund provides grants to local community groups and small charities in London, Birmingham, Liverpool, Edinburgh and Glasgow that address issues important to the bank. From 2013 the fund will focus on youth unemployment. Employees sit on grant panels to help select grant recipients.
The Deutsche Bank Small Grants Fund distributed £140,000 through 36 grants in 2012.
The Deutsche Bank Impact Investment Fund I will invest £10m in UK social enterprises.