Community interest company (CIC) limited by guarantee

Prom Ally CIC

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Prom Ally CIC

Prom Ally offers the free loan of prom dresses and suits to school children, sixth form students and college students who otherwise couldn't afford one. All outfits are used and either purchased from charity shops or donated directly. Prom Ally has helped hundreds of girls since it began and has recently opened up to boys too offering suits in addition to the dresses.

Duration
10 years
Cost of capital
3%
Turnover
£2,361
Investor Details
Social Investment Cymru
Amount invested
£50,000
Product type
Blended – part grant, part loan

Rene House CIC

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Rene house team

Rene House is a small social enterprise based in Nottingham, they provide supported accommodation for homeless and vulnerable adults and families. They currently manage a portfolio of 7 properties comprising of 18 units. Rene House aims to create a sustainable stepping-stone service for individuals and families that need support to get back on their feet.

Duration
5 years
Cost of capital
8%
Turnover
£87k
Investor Details
Big Issue Invest
Amount invested
£60k
Product type
Blended – part grant, part loan

Your Own Place CIC

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Your Own Place CIC

Rebecca White, CEO of Your Own Place CIC talking about her organisations’ experience of taking on social investment from Sumerian Partners, just before the COVID-19 hit. Listen to hear more about her patient equity investment deal that has allowed Your Own Place to scale up activity and employ a new member of the team.

Duration
Up to 10 years
Cost of capital
Equity
Turnover
£223,410
Amount invested
£100,000
Product type
Equity investment