A new £15 million challenge prize has today been launched to catalyse private sector demand for social investment in the UK. The Business Impact Challenge, launched by social investment bank Big Social Capital, is looking for the best idea for a high-impact investment that generates strong business and social value in the UK.
The Real Lettings Property Fund, the largest impact investment fund in the UK, now stands at more than £46m after two high profile investors decided to significantly increase their initial commitments.
The Chancellor of the Exchequer today announced in the Autumn Statement that the Government is proposing to increase the investment limit of Social Investment Tax Relief (SITR) to £5 million and extend its scope by consulting on the introduction of Social Venture Capital Trusts.
Cheyne Capital Management (UK) LLP (“Cheyne Capital”), one of Europe’s leading alternative investment managers, has launched the Cheyne Social Property Impact Fund (“the Fund”) to help tackle the chronic shortage of housing solutions for disadvantaged groups in the UK.
The Community Investment Coalition (CIC) has welcomed a new report from Coventry University and Newcastle University that analyses the data released through the new bank lending data disclosure framework for the first time. The research was commissioned by Big Society Capital, Citi, Community Investment Coalition (CIC) and Unity Trust Bank.
Charities and social enterprises are set to benefit from an innovative new £30 million fund launched today, which paves the way to attract game-changing levels of commercial finance to grow the sector.
Social investment could play a leading role in alleviating the crisis faced in social care for older people, but urgent action is needed to make this happen, says a new report released today by Age UK and Big Society Capital.
Rathbone Investment Management (‘Rathbones’), a leading provider of discretionary investment services to individuals, charities and trustees, confirms its appointment as manager of the Charity Bond Support Fund (‘The Fund’). The Fund is a £10m investment commitment from Big Society Capital designed to help Charity Bond issuers to raise capital by encouraging both issuers and investors into the Charity Bond market.
This letter is submitted jointly by the British Private Equity and Venture Capital Association (BVCA) and Big Society Capital (BSC). It not only complements our respective submissions to the consultation, but demonstrates the increasing cooperation between the social and venture capital investment communities, facilitated by both our organisations.
Nick O’Donohoe, Chief Executive Officer of Big Society Capital, committed to launching a new corporate Challenge Prize on Wednesday 24 September, at the Clinton Global Initiative Annual Meeting in New York.
A group of leading experts in social investment from the UK have today set out their vision for the next stages of development of the social impact investment market in the UK. The report 'Building a social impact investment market: The UK experience' is part of the culmination of a year's work, following the launch of the Social Impact Investment Taskforce under the UK's presidency of the G8 in 2013.
High net worth individuals face missing out on the benefits of the new Social Investment Tax Relief because their advisers do not know enough about it, a poll commissioned by Big Society Capital has found.
Local Partnerships launches Technology Spin-out Fund to support public sector spin-outs
A new £6 million initiative announced today will enable public sector spin-outs access to loans of between £250 thousand and £1 million for investment in technology to improve services in health and social care.
Scotland’s leading funder for the third sector, Social Investment Scotland, has secured a £16M in principle matched investment commitment from Big Society Capital and the Scottish Government to create a Social Growth Fund for Scotland.
Big Society Capital has made its largest ever single investment – up to £14.5m of ordinary shares in Charity Bank in three successive tranches between 2014 and 2016. The first tranche of £4.5m has been invested following receipt of all requisite regulatory and shareholder approvals.
Big Society Capital, the world's first social investment bank, today welcomes the commitment made by the Chancellor, the Rt Hon George Osborne MP, in his Budget to set the rate of social investment tax rate relief at 30%.