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Key Fund Yorkshire and Tiger11

Tiger11 is a new development trust in South Leeds funded by Key Fund Yorkshire (a CDFI), Sharing The Success (Leeds LEGI) and commercial finance. Based in the heart of Beeston and Holbeck, an area ranked in the bottom 2% of the Index of Multiple Deprivation, Tiger11 was founded by local resident Jeremy Morton who worked tirelessly with other residents to establish the Community Development Trust.

Key Fund Yorkshire and Tiger11

Case study

Tiger11’s first major project was the re-development of the local landmark building Hillside Primary School in Beeston into a sustainable community building providing a ‘Catalyst Centre’, office space, workshop space, community/conference space and a café/restaurant.

In May 2007, Tiger11 received a loan of £50,000 from the Key Fund for support in paying salaries, temporary office costs, office equipment and marketing. The group had found it extremely difficult to find funding from other sources as it was a relatively new organisation with no track record and was seen as a high-risk investment. The Key Fund loan allowed essential development work to take place, ensuring that some valuable streams of private finance were unlocked.

The Hillside redevelopment is now nearing completion with building works expected to finish in 2008, meaning that Tiger11 is getting closer to its vision of a thriving building that will become a ‘community anchor’.

This case study is tagged under

  • Social investment