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.
Since it opened in April, Big Society Capital (BSC) has committed £56 million to 20 separate organisations. We have made cornerstone investments in a series of Social Enterprise funds managed by new and existing intermediaries. We have committed to six newly created Social Impact Bonds to fund charities to provide innovative interventions across a range of social issues in a diverse set of locations around the UK.
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.
Evidencing social value has become a pressing issue for social sector organisations to enable them to showcase and demonstrate the value they are delivering. This is particularly relevant in the context of increasing payment by results commissioning by government and the Social Value Act 2012 that means public bodies need to consider social value in procurement processes. More broadly it is a way of targeting increasingly scarce resources, including funding and investment, to their most effective use – with a focus on the difference that is being made to the lives of the ultimate beneficiaries. It is also a way in which to be accountable to stakeholders.
Based on a survey of members of the Association of Charitable Foundations (ACF), this report details the behaviours, attitudes and interests of UK charitable foundations in relation to ‘social investment’.
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
This report sets out the findings of a working group of financial services and social investment experts convened to explore the relationship between social investment and the regulatory concept of ‘suitability’.
Today Big Society Capital (“BSC”) has published a ‘market update’ that sets out our view of how the social investment market might evolve. It also calls for specific investment ideas focused on health, social care and ageing; on community enterprises and assets; and on affordable housing. You can read the detailed document here.
This report looks at how to scale up the reach and impact of social projects, building on their success at a time of reduced resources. This leads to the idea of Social Franchising as an investment opportunity for those promoting social change.
The report details a need for more support in the emerging social investment market and aims to promote a better understanding of how to help UK organisations in the voluntary, community and social enterprise (VCSE) sector prepare to secure repayable finance.
Big Society Capital was established to grow the social investment market in the UK. To do this we are investing to build the market infrastructure and support development of the financial intermediaries that are required to connect investors looking for both a social and financial return with the enterprises they can invest in to achieve this goal.
This report provides the first overview of potential social investment demand in the coming three to four years, broken down into economic sectors and financial products. In addition, it lays down a clear logic for how social investment demand can be estimated from a series of related drivers.
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.