Big Society Capital (BSC) believes the forthcoming reforms to probation services could present a significant opportunity for social sector organisations (SSOs). The reforms are titled Transforming Rehabilitation, and that is just what most SSOs in the justice sector seek to do, and in many cases have a strong track record of achieving. We note and welcome the Ministry of Justice’s (MoJ) commitment to SSOs in their consultation document1 . We ourselves stand ready to help the social investment market play its part in the reforms, improving justice SSO’s access to appropriate capital.
Tomorrow, at an event hosted by Deutsche Bank, Big Society Capital will be launching the first stage of the Evidencing Social Value project that we have been co-ordinating with the collaboration of prominent social investors and expert groups who have been working in this area for some time.
Big Society Capital (BSC), the world's first social investment bank, has today set a target of investing between £75m and £100m in new projects during 2013 after committing £56m in its first nine months.