Ignite Social Enterprise

Overview

Ignite Social Enterprise is a UK-based social impact fund established by Centrica, focusing on energy-related investments that deliver both financial returns and social impact. The fund aims to invest a minimum of £10 million over 10 years, with individual investments ranging from £500,000 to £2 million. Ignite's mission is to support social enterprises that address energy challenges and contribute positively to society. The fund's strategy involves providing financial support and business expertise to social enterprises operating in the energy sector. Ignite seeks to invest in organizations that are innovating to tackle issues such as fuel poverty, unemployment, energy security, and climate change. By backing these enterprises, Ignite aims to foster sustainable solutions and create social value. Since its inception, Ignite has made several investments, including a £500,000 investment in Midlands Together CIC, a social enterprise that employs ex-offenders to refurbish properties and improve energy efficiency. This initiative has rehabilitated 150 ex-offenders and aims to empower them with professional skills and self-esteem to secure ongoing permanent employment in the sector. Ignite's approach combines financial investment with social impact, demonstrating a commitment to addressing societal challenges through innovative energy solutions.

Investment Focus

• Focus on energy-related social enterprises
• Demonstrated social impact
• Potential for financial returns

Portfolio Companies