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 2011. For more information about how we measure social impact, click here.
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Financial results to end March 2011 Investments in 35 companies totalling £75.2m. Supported over 70% of the portfolio with further investments. Realised gains of £18.5m from seven successful exits. For examples, click here. |
Social results 33 of the 35 investments so far are in Bridges Ventures target areas and 50% of investment to date is concentrated in the 10% most deprived wards. 1,481 people work in the companies backed by Bridges Ventures, of whom 35% live in our target areas and 244 were formerly unemployed. The multiplier effect of each £1 invested by Bridges Ventures has risen to £4.10 of spend in our target areas. Environment: £12.5m invested in 4 portfolio companies - Whelan, TEG, Credential and AeroThermal. Education & Skills: £8.5m invested in 3 portfolio companies - School Stickers, New Career Skills and Babington. Health & Well-being: £14.6m invested in 3 portfolio companies - The Gym, Bagnall Court and PHF. |