"It has been an incredible journey setting up a grant-making trust, effectively a start-up” – writes Barbra Mazur, who runs the Battersea Power Station Foundation, an independent UK charitable body established by the Battersea Power Station shareholders to ensure that the diverse and vibrant South London communities surrounding the Power Station have access to a new source of funding.
Just over year ago, spurred by the Young Foundation’s report on gender-lens investing, a number of organisations including Big Society Capital committed to better understand the extent of diversity within social investment.
Writing in today's Guardian, Katie Allen looks at how K10 is using social investment from Impact Ventures UK (which Big Society Capital invested into) to support young people into apprencticeships in the construction industry.
It was announced this week that the Real Lettings Property Fund (RLPF) has achieved a final close at £56.8 million, with three new investors and a high net worth individual together adding a final £10.3 million.
The Real Lettings Property Fund now stands at more than £46 million, thanks to further investment by Big Society Capital and the City of London Corporation. The fund, managed by Resonance in partnership with the charity St Mungo’s, buys properties to let to homeless families in London.
Social Enterprise Day saw a range of initiatives across the UK that celebrated and raised awaresness of social enterprises. In today's guest blog, we hear from Jane Pritchard, Enterprise Director at Business in the Community, about arc, their partnership with Social Enterprise UK.
Today, Impact Ventures UK (IVUK) has announced its first investment of £800,000 into K10 - an independent social enterprise that employs apprentices and places them in the London construction industry.