Deutsche Bank has confirmed an investment of £450,000 in Big Issue Invest’s £10m social entrepreneurs fund.

The first round of fundraising for the fund, which will offer risk capital to growing UK social enterprises, closed in June and has made £3m.

Other investors include the National Endowment for Science, Enterprise and Arts and the Esmee Fairbairn Foundation who invested £1m and £750,000 respectively last year.

Deustche Bank last week confirmed it had committed £450,000 to the fund.

Deutsche Bank UK CEO Colin Grassie said: "Deutsche Bank is committed to playing a role in developing social investment mechanisms.  We see tremendous opportunity for developing a social investment asset class."