If you live in poverty in this country, you’re more unlikely to have a bank account. And if you don’t have a bank account, you can’t get a direct debit discount for many of your everyday services and utilities. Is that fair? We don’t think so.
The Commissioning Better Outcomes Fund evaluation is following 10 SIBs part-funded by the fund over their lifetime. One of them is the Worcestershire Reconnections SIB and the first report about the SIB was launched last week.
Today is the launch of GET INFORMED – a campaign to help charity and social enterprise boards understand the opportunities and risks of social investment. As part of the launch, we hear from one of our “Faces” – board members who have used or considered social investment – on why boards should GET INFORMED.
Today we publish our deal level data up to June 2016, including Big Society Capital’s deals as well as social investment deals made by other investors and arranged by intermediaries which did not receive our investment.
How will the Charities (Protection and Social Investment) Act 2016 affect charities wanting to make social investments? Our Financial Relationships Director, Evita Zanuso, discusses in Charity Financials magazine.
A recent report from RBS indicated that UK banks are lending over £3bn to social organisations. In Civil Society, our Head of Social Sector Engagement, Geetha Rabindrakumar, discusses how social investment aims to fill those gaps not met by mainstream lending.
Australia’s first social impact bonds were launched in New South Wales in 2013, making them some of the earliest SIBs in the world. Three years on, Jill Carman from Aleron takes a look back at lessons from Australia and comparisons to the UK market.