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Foundation East

Social performance

The wellbeing and personal circumstances of Foundation East’s borrowers is improved through their ability to access affordable finance to grow and develop their businesses. In addition many of Foundation East’s borrowers are also social enterprises.

Social Purpose

The economic impact of Foundation East’s lending to increase employment and business creation include reduced government expenditure on welfare benefits along with increased revenues through the collection of taxes.

Using an economic impact tool developed for the sector by the University of Coventry and agreed as robust by HMRC, Treasury, BEIS and DFIP, Foundation East’s finance and support to small businesses across the eastern region of the UK in 2013⁄14 was calculated as £10.9 million, or put another way, for every £1 spent £15.68 of economic and social value was achieved. Foundation East strive to both improve their economic impact ratio and to evidence the social impact their services have on the people who benefit from them.

More information about their social and economic impact can be found on their website

Key Social Performance Indicators (KSPIs)

KSPIs are a measure of how the business is performing on delivering its main social or environmental purpose. Read more

KSPI 1 - Monies Lent

KSPI 2 - Businesses Supported

KSPI 3 - Jobs created/safeguarded

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