For Small Charity Week we’re celebrating the contribution that small charities make to all our lives. 97% charities have income less than £1m and an important focus of our work is on how social investment can be a useful tool for them.
ClearlySo, Europe’s leading impact investment bank, announced today that Octopus has taken a 12.3% stake in the company as part of a £1.25 million growth funding round.
Octopus, a fast-growing UK fund management company and the largest provider of venture capital trusts (VCTs) in the UK, will become the largest single institutional investor in the firm and Octopus Co-Founder Chris Hulatt will join the ClearlySo board as a non-executive director.
What is the gritty reality of social investment? If I were being cruel I would start by misquoting a saying most frequently credited to the ancient Chinese philosopher Confucius “Life is really simple, but lawyers insist on making it complicated. “
We know that all too often there is a mismatch between the hype of social investment and the gritty reality. Part of this is a mismatch of expectations – between the social investor with the money, and the social enterprise looking to raise finance. And in my experience, this mismatch is particularly striking around the issue of governance.
Big Issue Invest, a pioneering social investor and part of The Big Issue Group, today announced that it had recently closed a first tranche of fundraising commitments of over £21 million into its Big Issue Invest Social Enterprise Investment Fund II (SEIF II). Following on from the success of Big Issue Invest’s first investment fund (SEIF I), which is now fully committed, SEIF II is seeking opportunities to invest in businesses with ambitious social impact goals whilst aiming to deliver robust financial returns to investors.
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.
Big Potential Breakthrough has the capacity to transform how Voluntary, Community and Social Enterprise (VCSE) organisations approach investment opportunities dramatically improving their chances of being successful.
One year since the introduction of Social Investment Tax Relief (SITR), Big Society Capital has today launched GET IT to support more charities and social enterprises to understand and make use of the tax break.
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.