The Impact Investment Network (IIN) has today officially launched to raise investment and accredit the impact of businesses in the UK.
Spearheaded by Debbie Ryan, IIN is a partnership of value-driven businesses working collectively to empower both public and private companies to grow in a sustainable and ethical way.
The new venture has evolved from the Social Stock Exchange (SSX) - launched by David Cameron in 2013 – and is now the only company in the UK licensed to deliver SSX accreditation.
An impact business is one that is focused on the specific positive outcomes that are created from the business, whether that be for employees, communities, customers or the environment.
IIN has three aims:
- To accredit business with the SSX impact standard to assure investors and customers of ethical standing.
- To support accredited business to raise investment and get impact businesses investment ready.
- Provide a network of likeminded businesses that can trade through an internal marketplace, come together through an events programme and share success through communications channels.
With 46 members already signed up, from major housing associations, clean tech and waste disposal organisations, IIN will now look to expand the network of members and investors over the next 12 months. The current membership has a combined revenue value of £2bn with members turnover ranging from £700k to £1.5bn
With its corporate finance partner, Amberside, IIN is currently working on capital raises in excess of £200m, ranging from deals to renovate housing stock to development of technology platforms and energy assets.
Debbie Ryan, CEO of IIN commented:
“The UN Sustainable Development Goals set out a clear framework that businesses and investors should be aiming for. Our vision is to help them on that journey. We believe major investment into impact businesses does not only have to happen in London and our work here in the Northern Powerhouse is showing there are some excellent opportunities for investment, but there is also a need to support the impact sector to become investment ready.
“The UK as a whole needs to unlock the potential of impact businesses to ensure the Government’s Industrial Strategy is sustainable in every sense. As our local and combined authorities prepare their plans for their Local Industrial Strategies, we believe impact businesses should have a voice at the table. These are the businesses set up to deliver the inclusive growth we are striving for."
A full list of members can be found here www.impactinvestmentnetwork.com
"We believe major investment into impact businesses does not only have to happen in London and our work here in the Northern Powerhouse is showing there are some excellent opportunities for investment."
Debbie Ryan, CEO of IIN
DISCLAIMER: The statements, opinions, views and advice expressed in this article are those of the author/organisation and not of ENTIRELY. This article should represent information correct at the time of publication however whilst every care has been taken to present up-to-date and accurate information, we cannot guarantee that inaccuracies will not occur. ENTIRELY will not be held responsible for any claim, loss, damage or inconvenience caused as a result of any information within this article or any information accessed through this site. The content of any organisations websites which you link to from ENTIRELY are entirely out of the control of ENTIRELY, and you proceed at your own risk. These links are provided purely for your convenience and do not imply any endorsement of or association with any products, services, content, information or materials offered by or accessible to you at the organisations site.