Big Society Capital social investments
- 14 Sep
Big Society Capital is the world's first social investment bank established to directly fund social enterprises that are tackling major social issues, with the intention of creating a sustainable social investment market.
Yesterday they announced details of its initial investment commitments totalling £37 million. According to present reports by the Boston Consulting Group, the demand for social investment is expected to keep growing as the big society and localism concept takes off, and the expected figure is £1 billion of investments by 2016, and the demand for capital in the social sector could grow at 38% a year.
Big Society Capital's CEO, Nick O'Donohoe said:
Big Society Capital has made significant progress since our launch and we are on target to make investment commitments of around £50 million by the end of 2012. The quality of commitments made so far is encouraging and they reflect diversity of investment type and by geographic region in the UK. The Guildhall event is an opportunity for City professionals to explore how they can further engage with this initiative.
Big Society Capital has made a £2,500,000 secured loan to Community Land & Finance CIC (CLFCIC), a subsidiary of impact investment firm
Big Society Capital has made a £1,000,000 staged investment to support ClearlySo, a social finance intermediary with over 12 years' sector experience. ClearlySo is growing its capital raising business to help meet the expected surge in demand for investment from social entrepreneurs and to assist new and existing social impact funds in productively inves
Big Society Capital has invested £1,000,000 to PURE to provide small, low interest loans to communities to meet the costs of installing renewable energy equipment, and is keen to support all technologies eligible for the Feed-In-Tariff or Renewable Heat Incentive. PURE will normally lend up to 50% of project costs to a maximum of £50,000.
Big Society Capital has made a £875,000 secured loan to The Social Investment Market CIC Ltd ('SIMCIC' is the FSA regulated subsidiary of Investing for Good CIC Ltd) to enable SIMCIC to underwrite the issuance of a fixed income bond in order to build the market for further issuance by charities and social enterprises.
Community Generation Fund - part of FSE Group
Big Society Capital has committed to invest £750,000 (alongside £500,000 from the Esmée Fairbairn Foundation) in the Community Generation Fund, managed by the FSE Group.
- 06 Feb
Housing association helps the environment and homeless at the same time
Northward Housing and The Mustard Tree homeless charity have teamed up to help get people back into work. The charity's Standfirm enterprise sees properties left by Northward's tenants, who have...
- 03 Feb
Trash to treasure scheme
Mr Pearce, from Broughton, Salford, is launching a new social enterprise ‘Old to New Furnishings', with the help of a grant from social housing provider Salix Homes. This new enterprise renovates...
- 27 Jan
WakeOrDonate app helps charity's gain donations
WakeOrDonate is a mobile phone app which will make a donation to a charity each time the snooze button is pressed on someone's phone alarm. The app has been developed by Ronan Finnegan, a nineteen...
- 06 Sep
A new approach to help people find care
A peer-support model is a way of working that allows the sector to save money whilst also giving reliable support and care to those needing it. Peer brokers will help other care-users manage their...
- 07 Jun
Pilot Project Shows Social Enterprises Can Tackle Local Problems
The JRF pilot project in Bradford shows the untapped potential that locally based social enterprises have to solve local problems.The report also says that local authorities should place a higher...
- 29 May
Charities would rather trade as a Social Enterprise
The results of the survey showed 92% said they would like to increase their income from trading and government contracts in the next three years.From asking 100 charities, the results shows that more...
- 03 May
Charities and Businesses form New Social Enterprise
New methods need to be found for funding new social enterprises to free them from traditional methods and generate new methods of spending as well as methods of funding.Foundations traditionally...
- 27 Mar
Social Enterprise to help those with learning difficulties is expanding!
Loddon Social Enterprise will from next month be able to provide facilities where cooking, artwork and computer skills can be learned to increase the work experience for adults who have learning...
- 08 Mar
Social enterprise spending to reduce reoffending
The process still seems to be a learning process at present, and the ministry have recently completed a consultation on the sector to gain helpful feedback.They will be giving out a second grant to...
- 28 Feb
Remploy Workers want to buy Factory as Social Enterprise
The factories that make components and assemble car parts in Birmingham, Coventry and Derby, will lose all funding from the government by September.They were left open when thirty four Remploy...
How to Fund Housing Support and Social Care Sevices Extremely informative, excellent speaker. Alison Halstead - Riverside ECHG