Over 30,000 social enterprises and charities could benefit from Social Investment Tax Relief (SITR), suggesting vast untapped potential, according to research undertaken by Big Society Capital, and backed by the Department for Culture, Media and Sport.
New strategy reveals plan to continue wide range of social investment funds and support, and put next efforts into three areas where there is best opportunity for social investment to make a difference.
Charity trustees and social enterprise non-executive directors will be able to get free information and support as part of a new campaign to help boards understand the opportunities and risks of social investment.
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.
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.
Interserve, Catch22 and Clubfinance partnership wins Business Impact Challenge Big Society Capital today announced a partnership between public service provider Interserve, social business Catch22 and social finance experts Clubfinance has won the Business Impact Challenge.