Call for Partner(s) to develop a co-invested Social Finance Fund and a strategic approach to Social Economy market development in the North of Tyne area.
We are seeking Expressions of Interest from organisations interested in working with us to co-design and co-invest in a strategic programme of activity that will develop innovative social finance options and grow the social economy in the North of Tyne area.
North of Tyne Combined Authority (NTCA) expects the initial phase of the partnership to be focussed on developing an innovative market development and funding approach – a coherent social finance offering that supports start-up and growth phase propositions in the social economy within the area.
NTCA will bring up to £4m of combined revenue and capital investment to this partnership and expects that this funding will both enable a strategic approach to market development and, where a clear strategic and economic case is made, provide investment capital to fill gaps in the finance market locally.
Partners working with the NTCA will be expected to demonstrate significant value add and commensurate co-investment. The partner(s) selected will share our ambition to deliver transformative change which leaves a legacy of an active and sustainable community of impactful social ventures as a result of our collaboration.
Queries and completed proposals in line with the requirements set out in the published Call Definition Document should be sent to SocialEconomy@northoftyne-ca.gov.uk by Friday 21 April 2023.