Big Society Capital to announce investments worth ï¿½Â£32m
The social investment wholesaler will reveal the details of seven new investments on Thursday.
Big Society Capital, the £600m social investment wholesaler, will announce seven new investments worth about £32m on Thursday.
The lender, which was formally launched in April this year, has already agreed five deals worth around £5m. Nick O’Donohoe, its chief executive, has said he hopes to commit around £50m in its first year.
A spokesman for Big Society Capital said the details of the announcements, including which organisations will receive investments, would not be available until Thursday.
It has previously announced plans for a £15m fund that will support charities to win and run payment-by-results contracts, but it has not confirmed whether this will be one of the new investments.
Big Society Capital was established with £400m of funding from dormant bank accounts and £200m of investment from four high street banks. It will invest in social finance intermediaries who support third sector organisations.
Introduction The National Statement of Expectations for Supported Housing (NSE) was finally published on 20 October 2020, five years after the 2015 Comprehensive Spending Review suggested regulatory and oversight changes were needed, although in 2018 the government >>>
Support Solutions 5th National Housing Support & Social Care Conference 2014
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