SASC Bridge Finance
Loan facility to enable communities to own and control renewable energy assets.
The challenge
Many communities that wish to engage with renewable energy schemes find funding the cost of entry to the energy market prohibitive.
Our approach
To enable local groups in those most underserved areas to fund construction, acquire existing assets or underwrite community share offers, allowing communities to generate their own energy and reinvest the profits to benefit local people.
The Fund
The fund provided short-term construction finance that was rapidly refinanced, allowing capital to recycle and support more projects. The fund was formerly Leapfrog Bridge Finance. Social and Sustainable Capital acquired the fund from Pure Leapfrog in September 2020 The fund is now closed for new investment, and BSC exited in February 2024.
-
Fund size
£20 million
-
Better Society Capital commitment
£20 million
