Those of us working in the social investment market have often been teased about the creation of a whole new language in an attempt to blend the financial and social sectors. But in the last few months I have read two quite different views on the state of the social investment market as we approach the end of 2014. And it has left me wondering – what do we all mean when we say ‘social investment market’?
The journey towards helping individuals address the financial needs of social organisations has sped up considerably today. In today’s Autumn statement, the Chancellor’s announced that Government intends to seek approval for a significant increase to the size of investments that are eligible under Social Investment Tax Relief (SITR) to £5m per organisation per year from its previous limit of approximately £290,000 over three years. This is what charities and social enterprises asked for and Government has clearly listened. This should be a big boost to the sector, which could help address persistent capital needs, and potentially transform the nature of the social investment market.
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.
The Winterbourne View problem has been defined by the c. 3,250 people with Learning Disabilities around the country who are residing in inpatient facilities where personal, health system and societal outcomes are very poor. Five hundred people have been in these institutions for over ten years, and 60% for over one year. It costs around £600m each year for people to remain in these institutions. Numbers are rising, and it appears that there are complex and entrenched barriers to individuals moving back into alternative housing and supported provision in community settings, which would be better for the individual and could also, over time, cost less.
Preferred bidders were announced last week in the Ministry of Justice’s (MoJ) Transforming Rehabilitation (TR) programme. TR is the outsourcing of probation services for low and medium risk offenders in England and Wales with an annual contract value of £490 million.
In a written Ministerial Statement, the Lord Chancellor and Secretary of State for Justice Chris Grayling has today announced the Preferred Bidders for the 21 Community Rehabilitation Company contracts as part of Transforming Rehabliation - the programme to reform probation services.
Furnistore is a charity that provides good quality furniture and households goods at affordable prices to individuals and families in Redhill. The charity is mainly staffed by volunteers who collect unwanted items from local residents which are then sold to the public. A discounted or free service is available to help those families who may not otherwise be able to afford basic household goods or have been referred by social agencies.
Following positive feedback from last year's Social Investment Compendium, we have today published an updated Social Investment Compendium 2014 - a collection of key pieces of research and information from the social investment market, brought together in one single document that tells a story about the market.
Energise is a programme delivered by charity Adviza, that works with 14 to 15 year olds across the Thames Valley to build resilience, confidence and aspiration among vulnerable young people, and prevent them from becoming unemployed.
This week, some of the world’s most powerful leaders of non-profits, businesses, foundations, social enterprises, and governments are gathering in New York City to commit to creating social change around the world through public-private partnerships. At this year’s Clinton Global Initiative (CGI) Annual Meeting, Big Society Capital is making a CGI Commitment to Action to catalysing private sector demand for social investment in the United Kingdom by launching a Challenge Prize.
This weekend is the first Social Saturday, a day to celebrate and buy from social enterprises. At Big Society Capital, supporting social enterprises is core to what we do. Here, Andrew our Operations Manager shares some insights into how we're trying to do more to support social enterprises through the organisations we buy services and products from.
Today, Impact Ventures UK (IVUK) announces that it has earmarked £2 million for investment in a unique joint venture with Glasgow based social enterprise Homes for Good (Scotland) CIC, which will create a portfolio of newly refurbished properties dedicated for people in social housing need across the Greater Glasgow region.
It was with shock and tremendous sadness that we heard of Stephen’s tragic accident last week.
When setting up Big Society Capital, Stephen’s insight and depth of knowledge about charities, social enterprises and corporate structuring was instrumental in turning the vision of a 'social investment bank' into the reality of Big Society Capital.
Last week we shared with you what we and our friends at ClearlySo think are the major 'Dos' of pitching for social investment. This week, we would like to share with you our thoughts on the major Don’ts of pitching for social investment.
Social Investment Tax Relief (SITR) was introduced in the Finance Bill 2014 to kick-start social investment in the UK and was enacted into law in July 2014. This is a vital step in ensuring that charities and social enterprises get the risk capital they need.
Social investment lies at the intersection of social and financial return. For social organisations looking for investment, this creates a need to find a balance in pitching between looking like you are prioritising financial returns over social outcomes, and looking like you are so socially minded that you are unlikely to be able to produce financial returns alongside social ones.
Today Big Society Capital is pleased to announce the release of its Social Investment Insights piece 'Growing the Market for Charity Bonds', outlining the development of the charity bond market to-date and highlighting some of the potential future initiatives that could further accelerate charities and social enterprises access to the public debt markets and the attraction of capital at scale into the social investment market.