In 2018, we signed 14 new deals with fund managers and social banks totalling £90 million. This brings the total number of investments we have made since we were established in 2012 to 85.
Over time and alongside other investors, we have made £1.7 billion available for social enterprises and charities as they tackle some of the toughest social issues faced by people in the UK*.
Find out more about the key takeouts from our 2018 Annual Review below.
Our purpose is to improve people’s lives, and we do this through connecting investment to the social enterprises and charities that create positive social impact.
Alongside supporting the wide range of investments we have already made, we focus on three key areas where we believe social investment can make the most difference:
- providing homes for people in need
- strengthening places and communities
- taking early action to prevent problems
Throughout the year, we accelerated our efforts to create change in these areas, while developing a strong pipeline of investments.
In homes, we brought mainstream investors in to create social impact. In place, we partnered with Access – the Foundation for Social Investment to provide blended finance across five locations in England. In early action, we worked with social enterprises, charities and fund managers to create funds that focus on mental health, ageing and childhood obesity.
We would like to take this opportunity to celebrate the pioneering spirit of the fund managers and social banks we invest in, the partners creating innovative ideas alongside us, and the dedication of the social enterprises and charities who deliver social change.
We also honour the hard work and efforts of all of the people that our investments reach: the individuals, families and communities who are turning their lives around, and making their communities better places to live.
(See the full statement in the Annual Review).