New Investors Announced For Social Impact Investment Fund That Backs Under-Represented Groups

In the UK, entrepreneurs from underrepresented groups are often shut out of investment opportunitiesuntil now.

That's about to change.

Big Issue Invest, the University of Edinburgh's Social Responsibility Initiative, and the Bank of America are teaming up to create the UK's largest social investment fund, the Guardian reports.

The fund, called the Growth Impact Fund, will invest in "social enterprises and organizations from underrepresented backgrounds," according to a press release.

It's designed "to tackle racial inequality by being built around needs of entrepreneurs historically locked out of social investment," says Dave Gorman, director of the Social Responsibility Initiative.

Interested parties can check out the fund's eligibility criteria here.

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