Case study

Grants worth 815,144 have already helped the first eight ventures to win deals worth 34.9 million as of 1 April 2014.

Midlands Together - one of our fantastic investment readiness investees

Some of the early successes include:

  • Pure Innovations, whose 52,250 grant helped it win a five-year contract worth 11.7 million from the Royal Borough of Kingston to take over the running of its learning disability service.
  • Empower Community, whose 108,650 ICRF grant helped it secure a 10.1 million loan from a UK institutional pension investor, which will allow it to provide free daytime solar energy to social housing tenants in more than 2300 homes in Sunderland.
  • Greenwich Leisure Limited, whose 129,000 ICRF grant helped it raise 5 million through a bond issue, ensuring that two London 2012 Olympic venues the Aquatic Centre and the Copper Box arena - are available to local residents as well as elite sportsmen and women.
  • Midlands Together, whose 149,300 ICRF grant helped it raise 3 million through a bond issue to set up a programme to rehabilitate up to 150 ex-offenders over five years by providing jobs renovating properties in Birmingham and the Black Country.

Our investments

The Investment and Contract Readiness Fund has made a range of exciting investments so far.

See our investments