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.
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.
The Government is at risk of failing to meet its target to halve the disability employment gap unless charities and social enterprises are given an even playing field to deliver public service contracts, says a new report launched today.
Worcestershire County Council and Worcestershire’s three Clinical Commissioning Groups (CCGs) have awarded the country’s first Social Impact Bond to help 3000 older people overcome loneliness in the county - to Reconnections Ltd.
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.
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.
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.
Developing Empowering Resources in Communities (DERiC) and Big Society Capital (BSC), the social investment bank, today announced the launch of an innovative programme to utilise personal care budgets which will greatly improve existing service levels for people with social care needs through community engagement.