The Winterbourne View problem has been defined by the c. 3,250 people with Learning Disabilities around the country who are residing in inpatient facilities where personal, health system and societal outcomes are very poor. Five hundred people have been in these institutions for over ten years, and 60% for over one year. It costs around £600m each year for people to remain in these institutions. Numbers are rising, and it appears that there are complex and entrenched barriers to individuals moving back into alternative housing and supported provision in community settings, which would be better for the individual and could also, over time, cost less.
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.
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.
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.
Preferred bidders were announced last week in the Ministry of Justice’s (MoJ) Transforming Rehabilitation (TR) programme. TR is the outsourcing of probation services for low and medium risk offenders in England and Wales with an annual contract value of £490 million.
In a written Ministerial Statement, the Lord Chancellor and Secretary of State for Justice Chris Grayling has today announced the Preferred Bidders for the 21 Community Rehabilitation Company contracts as part of Transforming Rehabliation - the programme to reform probation services.
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.
Drawing on lessons learned from existing Social Impact Bonds (SIBs), this report identifies design features that practitioners can use to increase the likelihood of future SIBs delivering the desired social outcomes.
Furnistore is a charity that provides good quality furniture and households goods at affordable prices to individuals and families in Redhill. The charity is mainly staffed by volunteers who collect unwanted items from local residents which are then sold to the public. A discounted or free service is available to help those families who may not otherwise be able to afford basic household goods or have been referred by social agencies.
Following positive feedback from last year's Social Investment Compendium, we have today published an updated Social Investment Compendium 2014 - a collection of key pieces of research and information from the social investment market, brought together in one single document that tells a story about the market.
Energise is a programme delivered by charity Adviza, that works with 14 to 15 year olds across the Thames Valley to build resilience, confidence and aspiration among vulnerable young people, and prevent them from becoming unemployed.
This week, some of the world’s most powerful leaders of non-profits, businesses, foundations, social enterprises, and governments are gathering in New York City to commit to creating social change around the world through public-private partnerships. At this year’s Clinton Global Initiative (CGI) Annual Meeting, Big Society Capital is making a CGI Commitment to Action to catalysing private sector demand for social investment in the United Kingdom by launching a Challenge Prize.
Rathbone Investment Management (‘Rathbones’), a leading provider of discretionary investment services to individuals, charities and trustees, confirms its appointment as manager of the Charity Bond Support Fund (‘The Fund’). The Fund is a £10m investment commitment from Big Society Capital designed to help Charity Bond issuers to raise capital by encouraging both issuers and investors into the Charity Bond market.
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.
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.