The increase in the amount that younger charities and social enterprises can raise through Social Investment Tax Relief (SITR) to £1.5 million, announced in the Autumn Statement, is encouraging says Big Society Capital.
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.
Nearly 80% of people surveyed from across the sector have a good understanding of social investment, with 57% of respondents rating Big Society Capital’s overall performance as positive compared to 32% two years ago
Charities and social enterprises have received £3.4m in two years thanks to Social Investment Tax Relief (SITR) recently introduced by the Treasury, according to research conducted by think tank NPC for Big Society Capital.
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.
Funding Affordable Homes (FAH), a social impact company which enables long-term socially responsible private investment into the affordable housing sector, has today announced that it has received an investment of £15 million from Big Society Capital.
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.