In a Nutshell
At Prowgress we incubate and accelerate high +impact ventures. Aside from financial success, we strive to deliver measurable positive social and/or environmental outcomes. We do this across a multitude of business areas. Our core focus is targeted at the Real Estate and Agribusiness sectors.
Prowgress primarily functions as an incubator and accelerator. We operate as an umbrella organisation. This set-up affords us the ability to maintain our integrity and core focus: incubating and accelerating high +impact ventures. It also provides stakeholders in each spin-off maximum freedom and flexibility in structuring each specific endeavour in accordance to its specific needs and demands.
A Bit More Background
Real Estate
Prowgress and its stakeholders have undertaken, mostly at their own risk and expense, over 100 real-estate projects (mostly multi-million Euro projects) across Europe. We have experience and current interests in both commercial and residential real-estate and are engaged in the development, re-development, acquisition, management and, disposition thereof. Over the last 15 years we have developed a specific focus on the affordable housing/rental market.
Our current primary focus is targeted at providing affordable housing at scale, specifically in the London Metropolitan Area. We do this by utilising advantageous financing structures, entering into strategic Public Private Partnerships (PPP) and, through leveraging the advances achieved through Modern Methods of Construction (MMC). It’s the combination/perfect storm of all the above factors that make this a perfect fit within the scope of our +impact focussed approach to business.
Agribusiness
Our Agribusiness activities stretch from East to West Africa. We have specific experience in Ghana and Kenya. In both countries we have successfully founded various agribusiness related ventures spanning the entire value chain (from seed to fork). Our main focus has been on Stevia and Moringa production. Most undertakings were made possible thanks to PPP, support from NGOs active in each specific region and the backing of local communities.
Social Impact Fund
Funding can be the bottleneck and killer to many great business ideas, especially when operating in the sphere of agribusiness in LEDCs. For this reason we work with an array of funders, and have established our own Social Impact Fund to ensure the right ventures receive the right funding. Our fund consists of a Public Private Partnership where a mezzanine of private capital and soft government funded loans constitute the core capital of our fund. The fund is modest and perpetual in nature but at all times holds in excess of 15m EUR in liquid/investable assets.
Track Record
Our Real Estate and Agribusiness track-record (GIPS standard) and references are available for consultation by relevant parties.
