The journey towards helping individuals address the financial needs of social organisations has sped up considerably today. In today’s Autumn statement, the Chancellor’s announced that Government intends to seek approval for a significant increase to the size of investments that are eligible under Social Investment Tax Relief (SITR) to £5m per organisation per year from its previous limit of approximately £290,000 over three years. This is what charities and social enterprises asked for and Government has clearly listened. This should be a big boost to the sector, which could help address persistent capital needs, and potentially transform the nature of the social investment market.
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.
This report provides a breakdown of the social enterprise sector in Scotland by geographical location and industry sector, together with a survey of 40 intermediary organisations describing their attitudes to social investment.
Social Enterprise Day saw a range of initiatives across the UK that celebrated and raised awaresness of social enterprises. In today's guest blog, we hear from Jane Pritchard, Enterprise Director at Business in the Community, about arc, their partnership with Social Enterprise UK.
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.