Building Impact Businesses through Hybrid Financing

Abstract

Abstract The paper shows how social enterprises can be funded efficiently, and in ways that are compatible with their underlying business models, by combining both grants and different forms of investment capital. Financial sustainability remains one of the most pressing issues facing the social enterprise sector, despite rapid development over the past few decades. The paper sheds light on select funding instruments revealing how hybrid financing strategies can enable and enhance the organic growth of social enterprises and drive greater impact.

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