Investing now

Our work on local economic analysis has helped to demonstrate that SIB has been an effective funder in areas of deprivation. In particular we have been able to better understand our investment on a geographical level, and the contribution that investment has made to social infrastructure in places hard-hit by the pandemic.

That past investment needs to be supported by present funding, and taking a more intentional approach using this data has supported SIB to focus finance on areas of greatest need.


CCLORS rounds

Partner

The Covid-19 Community-Led Organisations Recovery Scheme (CCLORS) was a £9.5m scheme launched in July 2020 with our partners Power to Change, Locality and the Ubele Initiative on behalf of The National Lottery Community Fund. CCLORS was aimed at community-led organisations in England that were facing severe financial difficulties as a direct result of the coronavirus lockdown, and had three application rounds.

The graph below shows amount requested by IMD for round 1 of CCLORS and demonstrates how we used the local economic analysis in particular to invest where needed most. The applicant pool is worse-off - operating in areas that have experienced larger negative drops in consumer spending during Covid - compared to the national average in both rounds. However, given the prioritisation of worse economically-hit applicants in Round 1, the Round 2 full dataset is much closer to the national average.

More money was requested by organisations in areas of higher deprivation, as shown in the graph, with the most money being requested by organisations in the first decile (most deprived).

CCLORS Rounds

CCLORS Rounds 02

Case Study: Homeless Oxfordshire
(Reach Fund Grantee)

Partner

Homeless Oxfordshire received a grant of £15,000 from the Reach Fund to help strengthen their impact reporting and create a business plan.

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The Social Investment Business is the trading name for the Social Investment Business Foundation, Registered Company No. 05777484 (England), Registered Charity No. 1117185 (England & Wales), The Social Investment Business Limited, Registered in England No. 06490609, VAT No. 927456693, Futurebuilders-England Limited, Registered in England No. 05066676 and Forward Enterprise FM Ltd, Registered in England No.11238102. Registered Office: CAN Mezzanine, Borough, 7-14 Great Dover Street, London, SE1 4YR.

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