NAZ PROJECT LONDON BENEFITS FROM PIONEERING
COINVESTMENT
26 September
2005
News release
For immediate
release
Naz Project
London (NPL) benefits from pioneering coinvestment
Impetus Trust,
the venture philanthropy charity and CAF (Charities
Aid Foundation) are launching a pioneering investment
collaboration. The organisation selected to benefit
from this ‘coinvestment’ is Naz Project
London, which provides sexual health and HIV prevention
and support services to Black and minority ethnic
(BME) communities.
With the rapidly increasing incidence of sexually
transmitted infections and national efforts to tackle
this issue more effectively, Naz Project London aims
to expand substantially their important work with
BME young people.
According to
Bryan Teixeira, Chief Executive of Naz Project London:
“The assessment process has been both challenging
and supportive, but I am excited by the potential
we now have to increase our impact on the urgent (but
little discussed) issue of BME sexual health. We know
how vital it is to communicate sensitively and effectively
with BME communities; we also know we have the experience
and expertise to do that”.
Impetus Trust
and CAF, through their Grant Programme’s Collaborative
Fund, selected Naz Project London as their first coinvestment
initiative because of the importance of their work;
the need for support; and the strength of leadership
in NPL. By combining resources from both Impetus and
CAF, an investment package has been designed to meet
the specific capacity-building needs of Naz Project
London in making a greater impact on even more lives.
Impetus adds
significant value through leveraging in pro bono support
from corporate and individual associates. As part
of the due diligence, NPL benefited from a comprehensive
sector and competition analysis contributed by the
strategy consultancy firm, OC&C and valued at
£50,000. This gave NPL a thorough understanding
of their market and positioning, which has underpinned
a revision of their strategy and helped to shape the
Impetus/CAF investment.
CAF, the not-for-profit
organisation committed to effective giving, provides
support through its network of consultants and links
with other organisations.
The investment
package for Naz Project London will comprise a total
of £275,000 core funding over four years, with
Impetus contributing £175,000 and CAF Grants
£100,000. In addition to the funding, and integral
to the venture philanthropy package is some targeted
capacity-building – pro bono consultancy - focusing
on business planning, income generation, human resources
strategy. Capacity-building inputs too will be drawn
both from Impetus and from CAF Grants.
Victoria Anderson,
Head of Grantmaking at CAF explained: “We are
convinced this collaborative model and the lessons
we have learnt will have benefits for funders and
the charities they support. Collaboration throughout
the development and implementation of co-investment
needs commitment and energy on both parts. Working
with Impetus and Naz Project London has informed the
way we do things and we have been able to share our
experience with Impetus. We know that mutuality will
continue beyond this coinvestment.”
Judith Brodie,
Chief Executive of Impetus Trust, added: “We
have demonstrated that coinvestment is possible with
a flexible and committed partner, such as CAF. We
believe that the impact Naz Project London can achieve
with our collaborative support will demonstrate the
value that the distinctive venture philanthropy approach,
combining funding and capacity-building, can bring.”
- Ends - |
For more information please contact:
Judith Brodie,
Chief Executive
Impetus Trust
Hamilton House
Mabledon Place
London WC1H 9BB
Tel 020 7953 0531
Fax 020 7554 8501
Email: judith@impetus.org.uk |
Vicki Pulman
Public Relations Manager
CAF
Kings Hill
West Malling
Kent ME19 4TA
Tel 01732 520 094/120
Fax
Email: vpulman@cafonline.org vpulman@cafonline.org |
Bryan Teixera,
Chief Executive
Naz Project London
Palingswick House
241 King Street
London W6 9LP
Phone 020 8741 1879
Fax 020 8741 9609
Email: teixeira@naz.org.uk |
Note to Editors
1. The national strategy for sexual health
and HIV comments that “The highest burden [of sexual
ill health] is borne by women, gay men, teenagers, young
adults and black and minority ethnic groups” with
the rates of some diseases among some inner city black and
minority ethnic groups ten or eleven times higher than in
whites. It adds that Britain’s African communities
have been particularly badly affected by HIV/AIDS, with
high rates among both adults and children.
London has a large BME population –
28.8% of the Greater London population. Department of Health
data indicate that the incidence of STIs is greater in London
than anywhere else in the UK and that the incidence among
BME communities is significant. For example, over 50% of
the 35,400 people infected with HIV in the UK reside in
London. 60% of Londoners infected with HIV are from Black
or minority ethnic communities.
The National Strategy for sexual health
and HIV. Department of Health. 2001.
www.dh.gov.uk/assetRoot/04/05/89/45/04058945.pdf
2. Impetus was founded by Stephen Dawson,
one of the first venture capitalists in the UK, and Nat
Sloane, entrepreneur, venture capitalist and consultant.
Impetus Trust is believed to be the first
general venture philanthropy charitable fund in the UK.
Impetus will strive to make the biggest difference with
donors’ money by helping the charities it supports
to achieve a step-change in their performance. The ultimate
goal is to enable these charities to have a greater impact
on the lives of more people in need by improving the quality,
efficiency, and effectiveness of the services delivered.
The aim is to maximise social return on investment for these
charities, for donors and for Impetus.
The Impetus approach to venture philanthropy
involves:
-
the provision of flexible long term
funding for charities’ core costs; help to build
capacity in our selected charities the development of
a hands-on collaborative relationship
-
performance monitoring and management.
www.impetus.org.uk
3. CAF (Charities Aid Foundation) is the
not-for-profit organization committed to effective giving,
providing a range of specialist services to donors, businesses
and charities in the UK and internationally.
CAF Grantmaking offers a range of related professional services
for both charities and other grantmakers based on CAF’s
grantmaking framework.
CAF's Grant Programme 2005/06 aims to build the capacity
of small to medium sized charities. Other services include
support for other grantmakers by distributing funds on their
behalf and monitoring of the use of distributed funds.
Through its international network of offices and partner
agencies, CAF helps companies, trusts and foundations to
devise grantmaking programmes throughout the world.
www.cafonline.org/charity/
4. Naz Project London (NPL) is the oldest
and largest BME initiated and led sexual health and HIV
charity in London. The charity was established in 1991 by
a group of volunteers in response to the needs of a South
Asian Muslim man who was living with HIV and unable to access
any culturally and linguistically appropriate services.
The name ‘Naz’ was derived from his name.
NPL is a leader in providing culturally
competent sexual health promotion and STI/HIV prevention
services as well as support for people living with HIV from
BME communities. In order to maximise cultural and linguistic
depth of involvement, NPL’s programmes target a limited
number of BME communities: Eritreans, Ethiopians, Muslims,
Portuguese speakers (including Mozambicans and Angolans),
Somalis, South Asians, and Spanish speaking Latin Americans.
NPL works across London and is developing satellite offices
in selected boroughs.
www.naz.org.uk
Impetus Trust, Hamilton House, Mabledon
Place, London WC1H 9BB
Registered charity number 1094681
Naz Project London, Palingswick House,
241 King Street, London W6 9LP
Registered charity number 1014056
Charities Aid Foundation (CAF), 25 Kings
Hill Avenue, Kings Hill, West Malling, Kent ME19 4TA
Registered charity number 1014056
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