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26 Feb 2026

Trowers & Hamlins advises on £6.25 million first close for Greater Cambridge Impact

"Trowers & Hamlins advised on the £6.25m first close for Greater Cambridge Impact (GCI), enabling the initiative to move from development to delivery. The funding coalition includes Better Society Capital, Esmée Fairbairn Foundation, Cambridge City Council, Cambridgeshire & Peterborough Combined Authority, The Cambridge Building Society, The Cambridge Pledge, Suranga Chandratillake and the Church of England’s Social Impact Investment Programme."

Trowers & Hamlins advised Greater Cambridge Impact (GCI) and the coalition of investors involved in the transaction, including Better Society Capital, Esmée Fairbairn Foundation, Cambridge City Council, Cambridgeshire & Peterborough Combined Authority, The Cambridge Building Society, The Cambridge Pledge, Suranga Chandratillake and the Church of England’s Social Impact Investment Programme. The transaction comprised a £6.25 million first close for Greater Cambridge Impact, a new place‑based social impact initiative focused on addressing persistent social challenges across the Greater Cambridge area. The first close enables GCI to move from development into delivery, deploying long‑term capital with a disciplined emphasis on outcomes, prevention and systems change. The funding coalition will support GCI’s work while the initiative progresses toward its broader £10 million target. GCI will be overseen by a board bringing together local government, civic leadership and long‑term stewardship to ensure the initiative remains grounded, accountable and focused on measurable impact. Trowers & Hamlins represented Greater Cambridge Impact and the coalition of investors including Better Society Capital, Esmée Fairbairn Foundation, Cambridge City Council, Cambridgeshire & Peterborough Combined Authority, The Cambridge Building Society, The Cambridge Pledge, Suranga Chandratillake and the Church of England’s Social Impact Investment Programme with a team composed by: Imogen Fisher (advised on the debt investments structured as social loans from Better Society Capital and Esmée Fairbairn Foundation), Ian Dobinson (advised on the equity investments from Cambridge City Council, Cambridgeshire & Peterborough Combined Authority and The Cambridge Pledge), Jessica Arczynski (advised on subsidy control matters arising from the public sector investment) and Karl Behrouz, Partner, Corporate team (commenting on the initiative and its structuring).
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