Results
Bridges Ventures reports regularly to its investors on its financial and social results. The table below summarises the combined results of the venture funds for the year ended 31 March 2009. For more information about how we measure social impact, click here.
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Financial results Investments in 31 companies totalling £60m. Five successful exits achieved. For examples, click here. Balanced Funds:
Bridges CDV Fund I: six years into its investment period, in profit and realisations of £11m. Bridges CDV Fund II: two years into its investment period and 33% invested. |
Social results 66% of investment to date is concentrated in the 10% most deprived wards and some of our entrepreneurs are becoming role models that can inspire others. Over 1,300 people work in the companies backed by Bridges Ventures, of whom 39% live in our target areas and 200 were formerly unemployed. The multiplier effect of each £1 invested by Bridges Ventures is currently £3.40 of spend and £2.50 of Gross Value Added* in our target areas. Each £1 invested by Bridges Ventures is leveraging an additional £2.50 into our target areas. Bridges Ventures is working hard to raise the profile of social investment. *Gross Value Added is equivalent to a local GDP, being the revenue generated minus spending on inputs and services. |