Big Society Capital to announce investments worth �£32m
- 12 Sep
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.
Source: Third Sector
Related articles
- 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. Â 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...
Responding to the DWP Consultation: Housing Benefit Reform - Supported Housing "I found the event informative and timely it helped me to complete our response to DWP without which I would have struggled." S.S. - Safe House
