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Lightning Reach team photo

Lightning Reach is a financial support portal which makes it easy for people to find and apply for a wide range of personalised support (including grants, benefits, help with bills and other resources) in one place. The platform can be used by organisations to streamline or enhance the support they offer to vulnerable customers, using innovative technology like open banking and ID verification, or by individuals seeking to improve their financial wellbeing. Lightning Reach has registered >100,000 users and enabled >£10m in funding to individuals. Partners include The Royal British Legion, Lambeth Council, British Gas Energy Trust, TSB and more.

Duration
NA
Cost of capital
NA Equity (2% of business)
Turnover
£330,000
Investor Details
Joseph Rowntree Foundation
Amount invested
£100,000 (part of £1m package)
Year of Investment
2023
Product type
Equity investment
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Cornerstone Placce

Cornerstone Place is a social enterprise which supports homelessness charities to add fit-for-purpose properties to their portfolios.  Our unique ‘Shared Upsides’ model transfers more than 50% of the value in our project to our charity partners.

Duration
15 Years
Cost of capital
4.3%
Turnover
£0 (pre-trading)
Investor Details
Key Fund
Amount invested
£240,000 loan + £51,640 grant
Product type
Blended – part grant, part loan