8 top tips for preparing for social investment

1. Understand the applicant-led process
   

   Unlike applying for traditional grants, the SIS process is applicant-led. This means there are no application forms, no strict deadlines or panel meetings. Instead, it starts with a simple phone call and the SIS process is tailored to each new customer's timeline and needs. This flexibility can be a significant advantage, but it's essential to understand and adapt to this different approach.

2. Leverage existing information
   

   SIS Investment Managers strive to work with the information you already have. Previous grant applications and project details can provide valuable insights and reduce the need for additional documentation. This approach helps minimise the burden on your organisation, especially if you have limited capacity.

3. Focus on impact
   SIS loans range from £25,000 to £1.3 million but regardless of the loan amount, SIS prioritises the impactful actions and meaningful outcomes of your project. Clearly articulate the social impact your organisation aims to achieve. This focus on impact is crucial for securing funding.
   
   
4. Engage your Board
   Governance is a critical aspect of the SIS evaluation process. Ensure your Board is fully informed and supportive of the decision to seek social investment. Their involvement can significantly ease the application process and demonstrate strong organisational governance.
   
   
5. Highlight organisational skills
   SIS will assess the skillsets within your organisation. We will ask you to provide detailed information about your team and their experience. This information helps SIS understand your capacity to manage the loan and achieve your project and impact goals.
   
   
6. Demonstrate affordability
   As a responsible lender, SIS needs to be satisfied that your organisation can afford to repay the loan. Be prepared to demonstrate your financial projections and affordability. SIS can assist with projections if needed, but having a clear financial plan is essential.
   
   
7. Check legal documentation
   At SIS, we recommend that you regularly review your legal documents, such as the memorandum of articles, to ensure they are up-to-date and allow for borrowing. This step can prevent potential legal hurdles during the application process. Make it a habit to check these documents annually alongside your financial accounts.
8. Prepare for post-funding requirements
   Once your social investment is approved, be ready for the post-funding process. This includes signing agreements, setting up direct debits, and understanding the necessary reporting requirements for social impact and financial performance. Although there may be a lot of paperwork, staying organised can help you complete these tasks efficiently, and move ahead successfully with your project.

By following these tips, you can better prepare for the social investment process and increase your chances of securing the funding you need to grow your enterprise and make a positive impact.

Our free-to-use investment readiness diagnostic tool is a great way to find out where you are on the journey to social investment.

If you would like to learn more, why not get in touch?