South Bristol Sports Centre is a charity created to serve and provide facilities for the local community. We pride ourselves on being able to provide activities and facilities which cater for a wide range of public need.
Last month saw an important milestone for Big Society Capital: the first investment redemption from our portfolio. Scope, the disability charity, repaid the £875,000 investment we made via Investing for Good, the social finance intermediary who arranged and underwrote the transaction.
In 2014 Golden Lane Housing (GLH) faced a challenge. It was a problem faced by many voluntary organisations and social enterprises and it was this: how to get capital to expand and develop the business.
Last week, Big Society Capital held a seminar on social investment and social care with members of the Care & Support Alliance. Scope CEO, Richard Hawkes, shares his thoughts on the relevance of social investment in addressing some of the issues around health and social care.
Last month marked the first year anniversary of the Threadneedle UK Social Bond Fund which has reached over US $100m in assets under management. The fund has returned 11.8% gross, delivering on its aim to achieve an annual gross return in line with that of a UK sterling corporate bond index.
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.
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.
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.
One of Big Society Capital’s key objectives is to increase the flow of capital into the social investment market and in particular to attract greater and more diverse sources of finance into the sector. As part of the market building effort to meet that objective we hope to encourage the launch of social investment products suitable for both retail and institutional investors.