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Foundation East

Governance and people

Foundation Easts mission is to support job creation, job sustainability and to strengthen communities by providing financial products and associated services.

Foundation East exists to support employment and boost the local economy through the provision of affordable finance to businesses and social enterprises that need funding to grow, but who are unable to access that funding from the bank

Membership

Foundation East members and investors are individuals, corporates and institutions who

  • Care about making a social impact with their money
  • are interested in supporting local economic development
  • have funds to invest which they can afford to risk, as all investments carry a level of risk
  • are happy to trade a financial return for a social return
  • recognise that mainstream funders can’t help everyone
  • value the work we do in supporting excluded businesses
  • support the democratic decision making processes
  • want to join Foundation East and work with them for the long term
  • are uk taxpayers – if they wish to take advantage of Community Investment Tax Relief


Directors

Board

Directors' remuneration

With the exception of the Chair, who is entitled to a small honorarium, all directors are unpaid volunteers

Directors' holdings

Board members are members of the Community Benefit Society so have investment holdings in Foundation East on a one-member-one-vote basis.

Conflict of Interest

The Board maintains a register of directors’ interests, and declarations of interest is a standing item on all board agendas.

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