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.
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.
Access: The Foundation for Social Investment (“Access”) was formally launched today at an event at South Oxfordshire Food and Education Academy (SOFEA) in Didcot. Its mission is to fill gaps in the emerging social investment market, which have prevented some voluntary organisations, charities and social enterprises from accessing finance to help them become more sustainable.
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.
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.
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.
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.
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%.