BSC is run by an Executive Committee which leads the five key areas of the business: investments; impact and operations; strategy and market development; finance; and communications. The Executive Committee has a quarterly Risk Management meeting to review BSC’s Strategic Risk Registers. As part of this meeting, the Executive Committee also identifies its key risks for the next quarter.
Last week, three of us headed out to Wales and Bristol to visit two front-line organisations who have received social investment from the Pure Leapfrog Community Energy Fund, to see what they’ve been up to.
LGT Venture Philanthropy and Berenberg have today announced the first close of their social impact fund, Impact Ventures UK. Following on from the initial cornerstone in principle commitment of £10m from Big Society Capital, the fund has now attracted a diverse range of mainstream investors interested in considering social outcomes alongside financial return.
In recent months we have had an increasing number of conversations with big businesses who are keen to demonstrate their social as well as financial return.The concept of ‘shared value’ pioneered by Michael Porter and Mark Kramer seems to have captured the mood. However, turning the theory of shared value into practice is harder.
There are currently 1700 housing associations in the UK today, many with a long history and vast experience. Whilst housing associations have been traditionally focused on housing, there are now new opportunities for housing associations to both boost the growth of the social enterprise sector, while at the same time supporting their tenants and communities in new ways.
Back in May, at the launch of our first annual report, our CEO Nick O’Donohoe announced strategic priorities for the year. One of the identified initiatives was the need for suitable products for individuals looking to make social investments - products that will enable investors to place their money in funds with a positive social screen, not simply a negative ethical screen.
Following on from our guest blog from Co-operative UK, in this blog we explore the development of the community share market in the UK with examples of how it is becoming a growing source of social investments for local community groups.
Last week we were pleased to join community groups from across the country at Locality’s annual convention. While there we met up with Co-operatives UK. Here, Ged Devlin tells us more about their work on community shares – a growing source of social investments for local community groups
Since our launch Big Society Capital has commissioned a broad range of research to help us build our understanding of the social investment market, covering topics from the potential of tax incentives, to the opportunities in the field of education. During this time we have often co-commissioned research, as well as collating other’s research on our website, as well as in our Social Investment Compendium, and have sought to ensure that our research supports that of others.
31 October 2013: Big Lottery Fund, Big Society Capital, Citi, The City of London Corporation and Cabinet Office, have today jointly announced the formation of the Social Investment Research Council (the “Council”).
The Council is a coordinated initiative which draws together research commissioners from key organisations in the social investment market.
The aim of the Council is to help advance the UK social investment market through consolidating research efforts to generate powerful and practical insights for the benefit of social sector organisations and investors.
The inaugural 2013-2014 research programme will focus on improving the understanding of social investment market products, and the specific investors needed to finance them.
Over the next six months the Council will call for ideas from researchers and other industry bodies for potential projects to add to the research programme agenda.
Last week I was invited to join a panel at the GIIN conference, to respond to the question: What is needed to bringing the impact investment market to scale? At Big Society Capital, growing the UK social investment market sits at the core of our mission – but how will we know when the market is at scale?
A key part of our role in helping to grow the social investment market is to promote best practice and share information. To help make this easier to digest, we've pulled together some of the key information from recent research into a Social Investment Compendium.
Big Society Capital and Impetus- PEF recently launched a report by the Young Foundation on the role of social investment in raising attainment of pupils from poorer backgrounds. To take the discussion forward, we brought together intermediaries, institutional investors, foundations and policy makers at a roundtable.
As a new and growing organisation, it is exciting to have a steady flow of new people joining the team, bringing with them diverse experience and new enthusiasm. This week I am very pleased to welcome two new individuals to our senior team: Jeremy Rogers as our new Chief Investment Officer and Geetha Rabindrakumar in the new role of Social Sector Leader.
Big Society Capital has hired the former Finance Director of Scope, Geetha Rabindrakumar to create stronger connections between Big Society Capital and charities, social enterprises and community organisations.
Big Society Capital today announces that it has hired Jeremy Rogers as its Chief Investment Officer. Jeremy has combined roles in the charitable and financial sector for the last two decades, most recently as a Partner at investment fund managers Praxient Capital and advisor to Big Issue Invest, the social investment arm of The Big Issue. He is also a Member of the Ashoka Support Network for social entrepreneurs and has provided strategic consulting for small charities through the charity Pilotlight.
This research outlines a vision for the social investment market and the ‘infrastructure’ required to deliver it by taking stock of the current state of the market and to making recommendations for the future.