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.
In a recent artlce for Pioneers Post, David Floyd looked at the moral and practical dilemmas of creating markets where the end customer doesn’t pay (e.g. NHS). But are there further implications of end customers not paying for charities’ services? And how can we embed customer-centricity in the third sector to encourage greater innovation, efficiency, and ultimately better outcomes for people?
Helen Heap and Robbie Davison have written a thoughtful short book "The Investable Social Entrepreneur - Introducing Builder Capital." Geetha Rabindrakumar, with her experience from working in Big Society Capital and a range of charities, and Danyal Sattar, as a grant maker and social investor with Esmee Fairbairn Foundation discuss “Builder Capital”:
A new report by Bates Wells Braithwaite, commissioned by the Social Investment Research Council, published today, sets out the barriers for both social investors and investees created by the Financial Promotion Regime.
Today's Queen Speech included the announcment of the forthcoming Pensions Bill. Alongside other colleagues in the Social Economy Alliance, Big Society Capital has joined a call for this to include a French-style ’90-10’ rule.
The first ever issuing platfom that will enable charities to raise medium term debt through bonds listed on the London Stock Exchange was launched yesterday in a partnership between Allia and Canaccord Genuity.
In 2013 Big Society Capital invested in ClearlySo as part of our commitment to supporting the infrastructure needed to help grow the social investment market. ClearlySo has since used the investment to grow its execution, advisory and investor relations teams, to provide it with the capacity to support more entrepreneurs and raise more capital. In that time they have supported 18 organisations, where businesses and funds raised over £31m in investment. Of that, £15m was raised directly by ClearlySo. Significantly, it enabled ClearlySo to work with Impact Ventures UK, which reached a first close of £20.8m in December 2013.
We’ve just published a strategy for Big Society Capital to guide our next few years. It sets out a vision for the future social investment market, and what we can do as a champion and investor to work towards this vision.
Last night, we celebrated Big Society Capital’s second anniversary at an event kindly hosted by CCLA, with a room full of people who have all played a role in taking the vision for social investment and Big Society Capital ‘from ambition to action’. We heard from speakers including Nick Hurd, the Minister for Civil Society [“it really feels like the idea of social investment is coming of age. It’s always been a beautiful vision but day by day we’re turning it into a reality that touches people’s lives”] and four organisations that have received investment (DERiC, Real Lettings, Impact Ventures UK and Bridges Social Impact Bond Fund).
Today the Social Investment Research Council, launched last year as a partnership between Big Lottery Fund, Big Society Capital, Citi, City of London Corporation and Cabinet Office, publishes its first report.