What would our world be like if every business existed to create value for more than its own (probably rich) shareholders? What if every business we buy from in our everyday lives deliberately produces positive social and environmental impact, alongside profit? A more equitable and better world would result.
In the last of four blogs responding to challenges raised by social enterprises to us, CEO Cliff Prior shares his thoughts on social impact investing’s role in creating radical change. He also explains what Big Society Capital is doing around this.
After spending time examining our open-source SITR Deals Database for the Government’s review of Social Investment Tax Relief, On-Purpose Associate Thomas Mackay picks out some of the headlines that helped to inform Big Society Capital’s response.
The UK has just celebrated 100 years of the Addison Act, a transformational piece of social policy that led to 500,000 council homes being built over the course of three years. The act was transformational because it was the first time that safe, quality and affordable homes became available at scale throughout the entire country.
In the third of four blogs responding to challenges raised by social enterprises, Big Society Capital’s Head of Strategy Stephen Muers explores the power dynamics between investees and investors. He also shares what we’re doing around this.
A recurring challenge we get from social entrepreneurs around social impact investment is on the cost of capital. More specifically, they tell us they want cheaper, more patient money that can and will take more risks.
The UK’s housing crisis is a universal problem, with an inadequate supply of high quality, affordable homes leading to rising levels of homelessness and people living in unsuitable accommodation. Home ownership is becoming increasingly unaffordable, and for many is now only a pipedream.
Today we launch a new learning report exploring some of the lessons from US community investment that could inform the UK’s efforts to scale the social and economic impact of community lenders and promote inclusive growth.
Action Homeless CEO Mark Grant writes why he believes simplifying Social Investment Tax Relief (SITR) could be a game-changer that would allow them to raise flexible, patient and risk-tolerant capital, which they could use to provide more affordable housing to people affected by homelessness.
In 2017, we announced housing would be a core focus area for developing new investments in the next phase of our strategy. Our belief that housing is an area where social impact investment can make a substantial difference was informed by the pressing social problem, along with our experience of making investments in housing which have already raised £500m from us and other investors.
Our Investment Director, Karen Ng, reflects on her key takeaways from participating in GIIN’s Gender Lens Initiative (GLI) as a working group member over the past year. Karen attended the final event in New York in May.
The first reports from the independent evaluation of the Growth Fund gives an early indication that blended capital is flowing to charities and social enterprises across England to help improve people’s lives.
After a period of reviewing applications, Big Society Capital has selected Resonance and Patron Capital Partners as joint fund managers. The fund managers will work together to develop and implement a property fund to provide housing for vulnerable women. The fund presents an exciting opportunity to create long-lasting positive change with mission-aligned partners across women, housing and social investment sectors.
Big Society Capital invited three social entrepreneurs to challenge some of our management team with their burning questions on the state of social investment and asked them what they really want from social investors.
Outside the social impact investing world, what motivates someone to become an investor into social enterprises? Dr Thelma Lovick, a professor and research fellow at University of Bristol writes about what attracted her to social impact investing. She also offers her perspective for those interested in following her example.
As the recent review of Social Investment Tax Relief (‘What a Relief!’) outlines, there have been challenges to SITR reaching its potential. Here, we look at three actions we can take to help unlock it.
Society today faces many challenges, and if they are not addressed we will have ultimately failed to protect both people and planet. The UN’s Sustainable Development Goals (SDGs) are a beacon of hope, but to achieve them we require finance, talent, enterprises, research and government backing. The need for impact investing is, therefore, inescapable.
In January, our thoughts often turn to the new skills and knowledge we want to gain in the coming year. To help with this, we’re publishing the Learning and Development Framework we use at Big Society Capital with the hope that it might be useful for others and so we can learn from how others use it.