If we had not been successful in engaging in this financial model, we know that the work would not have happened, extra resources focused on young people in schools, colleges and working with employers. A scheme of £4.2m is substantial and the risk of not performing means that investors will not be repaid!
My role as Chair is to work with the investors and the service providers to ensure we have the information, data and forecasts as accurate as possible for us to make the decisions that will deliver the results for investors, young people and the providers. We cannot and do not assume that the investors, commissioners and all delivery partners see or value the outcomes in the same way and therefore communicating with all partners is key to managing the financial flows and the delivery of the services.
Social investment is a balance of risk and opportunity, and as a trustee we need to assess the information from our own position. As ambassadors, we want to share the journeys we are on and the issues we are learning to manage. We can talk from similar perspectives and share our experiences in weighing up the options to bring in new finance.