Communities Investment Fund - Fund Manager

Descriptions

WCVA wishes to procure a suitably experienced and skilled fund manager to operate the Communities Investment Fund (CIF). CIF is a finance and funding programme which aims to promote the third sector within communities, primarily to develop sustainable economic activity and development of community based assets which can be brought into useful economic use. As a consequence, the Fund’s secondary aim is to improve the lives of people living within those communities. In summary, CIF seeks to do all this by:•Promoting an enterprise culture within the third sector•Increasing economic activity through the development of third sector enterprise through trading•Developing third sector enterprise through public sector contracting and other means of delivering public sector services•Creating employment opportunities by developing financially successful third sector enterprises. The operational scope of CIF is -•To fund (or part fund) project development costs for third sector organisations, including capital costs and revenue costs, cash flow and working capital.•To use Invest to Serve to fund third sector organisations seeking to develop public service delivery contracts.•To fund (or part fund) cash flow and working capital/revenue costs whilst trading capacity and income generation is developed. •To fund (or part fund) the purchase and/or development of property assets.•To fund (or part fund) the purchase of other assets essential to the development of the organisations trading activities.