This is the second in a series of updates about our work to support underserved small enterprises in disadvantaged areas across the UK through community investment. We set out a five-year vision for community investment which has been developed collectively by the enterprise lending Community Development Finance Institutions (CDFIs).
In 2016, we produced our first comprehensive estimate of the size and composition of social investment in the UK. Two years on, we’ve updated the central data in this report for the end of 2017 and highlight some emerging trends.
We launched Big Society Capital’s new strategy a year ago. It included a commitment to focus on using social investment to support early action to prevent problems. In that year, what have we done to make progress in this area?
Far too many children educated outside mainstream schools are failed by the system. Our Head of Strategy Stephen Muers looks at a new report that highlights social investment could be part of the solution
Big Society Capital launched a range of initiatives earlier this year to support community lenders to reach more underserved small enterprises in disadvantaged areas across the UK – these initiatives included the provision of socially motivated capital, building evidence, and convening stakeholders. This blog is the first in a series of updates on the progress made to date.
We often get asked what the differences are between the various tax reliefs available to charities and social enterprises. This is why, together with Bates Wells Braithwaite (BWB), we are pleased to publish A Simple Guide to Tax Reliefs. As well as covering the relatively new Social Investment Tax Relief (SITR), it also covers SEIS, EIS, CITR, IFISAs and Gift Aid.
In the third article of our “Innovation in Homes” series, Karen Ng, Investment Manager at Big Society Capital, has asked entrepreneurs from The Young Foundation’s Reimagining Rent programme to share their learnings from building ventures to improve the Private Rented Sector (PRS). If you are interested about innovations within PRS, you can also read Karen's previous interview with Nationwide Foundation here.
James Burrows, Investment Director at Big Society Capital, gives an overview of how we are approaching our work in supporting communities across the UK, seeking to learn from the work of others over many years. This is the first in a series of posts seeking to share lessons and insights from our own work in this area as well as others – partners and colleagues. For more on what we are up to in this strand of our work please see our website, with more updates to come.
For Small Charity Week we’re celebrating the contribution that small charities make to all our lives. 97% charities have income less than £1m and an important focus of our work is on how social investment can be a useful tool for them.
As part of our campaign to raise awareness about Social Investment Tax Relief (SITR), we teamed up with social enterprise Breadshare to show just how simple it is. If you don’t know about SITR or not sure how it works, Breadshare’s chief baker explains literally by using his loaf!
I think it’s often surprising how many people have a mobility issue – more than 1 billion people in the world have some form of disability, which is around 15% of the world population. In the UK the estimate is around 10% of the population and 18% in the US. But this community is often ignored by entrenched industries.
Big Society Capital is actively looking for partners to co-develop investment solutions to provide homes for people in need. My interview with Bridget Young (Programme Manager at the Nationwide Foundation) is the second blog in the “Innovation in Homes” series, where I will be highlighting innovative initiatives and partnerships that we have come across. Read my previous interview with London Ventures here.
Last October, the Skoll Centre for Social Entrepreneurship launched Skoll Academy, a six-week long skills workshop series equipping participants with practical innovation skills to affect social and environmental change. We worked with Big Society Capital to analyse social investment models to address domestic violence in the UK. This blog is an overview of our findings and suggestions.
City of London Corporation has recently launched a new report showing how its Social Investment Fund is changing the lives of thousands of people across the UK including ex-offenders, homeless and those with disabilities. Read the full report here.
"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.
Over recent months there has been a flurry of new impact reports from social investors across the UK. It is great that intermediaries are publishing these reports that show what social investment can help achieve but also highlighting some of the challenges and lessons along the way.
It’s gone by seemingly in a blink of an eye, but Access - the Foundation for Social Investment was launched 3 years ago. We then saw Access as a younger sister organisation, learning from the experience of our early days, with a mandate and tools (ie. grant!) to do things that are needed that we could never do.