This week, in the lead up to the GB Summit in Enniskillen, Prime Minister Cameron will convene key global leaders from government, civil society, and the private sector to evaluate the potential and practicalities of using "social impact investing" to tackle significant globalchallenges. We urge the world to take notice of this positive development.
At the world’s first G8 conference on social impact investing Prime Minister David Cameron today reinforced the UK’s commitment and leadership in growing the global social investment market, which already creates jobs and growth in the economy and tackles entrenched social problems whilst saving money for the taxpayer.
- UK hosts inaugural G8 conference on social impact investing
- Prime Minister announces £250m to help communities purchase local assets
- London Stock Exchange backs the world’s first Social Stock Exchange
Big Society Capital and the City of London Corporation have invested £5m and £500,000 respectively into a social impact investment fund targeting the purchase of about 240 Greater London properties that will be available for homeless people to rent.
Big Society Capital (BSC), the world's first social investment bank, has begun the process of searching for a new Chair. Sir Ronald Cohen made it clear that he would be the first Chair to help set up Big Society Capital and that he intended to step down from the role to be a director once Big Society Capital had become fully operational. This phase of the development of the organisation will be completed by the end of 2013.
Charities and social enterprises play a vital role in the justice sector through their commitment to reducing reoffending and improving communities. Big Society Capital (BSC) believes the forthcoming reforms to probation services could present a significant opportunity for social sector organisations (SSOs) to do even more in rehabilitating offenders and reducing reoffending.
Big Society Capital (BSC), the world's first social investment bank, today welcomes the commitment made by the Chancellor, the Rt Hon George Osborne MP, to confirm a new tax relief by the Autumn Statement this year. Big Society Capital looks forward to contributing to the coming consultation on the nature and scope of tax incentives, following on from the recent report it commissioned with the City of London Corporation on the role of tax incentives in encouraging social investment.
Extending existing tax reliefs to encompass social investment could generate up to £480m of new investment for the sector over the next five years, according to new research commissioned by the City of London Corporation and Big Society Capital.
Big Society Capital (BSC) believes the forthcoming reforms to probation services could present a significant opportunity for social sector organisations (SSOs). The reforms are titled Transforming Rehabilitation, and that is just what most SSOs in the justice sector seek to do, and in many cases have a strong track record of achieving. We note and welcome the Ministry of Justice’s (MoJ) commitment to SSOs in their consultation document1 . We ourselves stand ready to help the social investment market play its part in the reforms, improving justice SSO’s access to appropriate capital.
Tomorrow, at an event hosted by Deutsche Bank, Big Society Capital will be launching the first stage of the Evidencing Social Value project that we have been co-ordinating with the collaboration of prominent social investors and expert groups who have been working in this area for some time.
Big Society Capital (BSC), the world's first social investment bank, has today set a target of investing between £75m and £100m in new projects during 2013 after committing £56m in its first nine months.
Payment-by-Results (PbR) schemes can be boosted by five key actions, leading social investors Big Society Capital and Bridges Ventures (Bridges) have told Minister for Government Policy, Oliver Letwin.
The last year has seen rapid progress in the adoption of Payment-by-Results (PbR) programmes in the UK. The social sector is playing its part - at least ten new PbR schemes have come on-stream during 2012 that will be delivered by charities and social enterprises, and which are backed financially by social investors.
- Bridges Ventures (Bridges) and Big Society Capital today announced they are lead investors in a new Social Impact Bond (SIB) commissioned by Essex County Council and developed by Social Finance, to fund an intensive intervention programme to help vulnerable young people at risk of going into care
Today marked the official launch of Big Society Capital (BSC), the UK social investment fund aiming at channelling fresh money into the social enterprise sector, and achieving positive societal impact.
Big Society Capital today announces the appointment of Sir Richard Lambert as Chair of the Big Society Trust, which will oversee Big Society Capital’s activities so as to ensure that it stays true to its mission.
Big Society Capital formerly referred to as the “Big Society Bank”, today announces its launch with three entities: Big Society Capital Limited (BSC), the operating company of the group; The Big Society Trust (BST), responsible for ensuring the group stays true to its mission; and The Big Society Foundation, a charity able to receive philanthropic donations to support the investment readiness of social organisations.