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.
The Big Society Trust today announced the appointment of Robin Budenberg as its new financial sector representative on the Board. The Big Society Trust ensures that Big Society Capital remains true to its social mission.
Big Society Capital has hired former Chief Executive of Social Enterprise West Midlands (SEWM) CIC, Melanie Mills, to build relationships with social enterprises, charities and community organisations across the UK regions.
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.
A new £15 million challenge prize has today been launched to catalyse private sector demand for social investment in the UK. The Business Impact Challenge, launched by social investment bank Big Social Capital, is looking for the best idea for a high-impact investment that generates strong business and social value in the UK.
The Real Lettings Property Fund, the largest impact investment fund in the UK, now stands at more than £46m after two high profile investors decided to significantly increase their initial commitments.
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.
Cheyne Capital Management (UK) LLP (“Cheyne Capital”), one of Europe’s leading alternative investment managers, has launched the Cheyne Social Property Impact Fund (“the Fund”) to help tackle the chronic shortage of housing solutions for disadvantaged groups in the UK.
The Community Investment Coalition (CIC) has welcomed a new report from Coventry University and Newcastle University that analyses the data released through the new bank lending data disclosure framework for the first time. The research was commissioned by Big Society Capital, Citi, Community Investment Coalition (CIC) and Unity Trust Bank.