Investec is a values driven organisation. One of our core values is to make an unselfish contribution to society. Nurturing an entrepreneurial spirit is another. Given our short history and that we are founder-led. We have supported different programmes of the Bromley by Bow Centre, our partner since 2008. Since 2011, when other sources of funding disappeared, we stepped up support to keep the Centre’s social enterprise incubator open.
Investec is proud to continue to support Beyond Business, as sole funder, empowering local people to create sustainable solutions to problems in the community. It seeks out entrepreneurs, in deprived boroughs of Tower Hamlets, Hackney and Newham, committed to creating successful businesses that deliver serious social/environmental impacts. After a competitive selection process, 5-6 applicants a year are awarded seed-funding of up to £17,000 each, as well as specialist business support from Investec volunteers.
The programme has launched 44 enterprises since 2008, creating over 250 new jobs, and yielding a combined annual turnover in excess of £2.3m. It expanded in reach and scale since Investec became the sole funder in 2011. The rate of enterprises going on to trade beyond their third year increased from 43% to 90%.