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First steps to accessing social investment Workshop 1 Geetha Rabindrakumar (Big Society Capital) Dan Hird ( Triodos ) John Williams (Resonance) Ed Siegel (Big Issue Invest). Big Society Capital works through roles as:. INVESTOR. CHAMPION. Grow the social investment intermediary market. - PowerPoint PPT Presentation
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First steps to accessing social investment
Workshop 1Geetha Rabindrakumar (Big Society Capital)Dan Hird (Triodos)John Williams (Resonance)Ed Siegel (Big Issue Invest)
Big Society Capital works through roles as:
INVESTOR
Grow the social investment intermediary market
Provide affordable and appropriate finance for frontline social
organisations
CHAMPION
Increase awareness and confidence in social sector and
in social investment
e.g. Increase opportunities to showcase social investment and for social sector to connect with
finance providers
Stimulate creation of investible products for individual and
institutional investors
e.g. Work with UK and EU governments to encourage
appropriate policy and tax support for social investment
Role is as a wholesaler:DORMANT
ACCOUNTSHIGH STREET
BANKS£109m £72m
Improving sustainability - Greenway Centre
“Installing solar panels has enabled us to reduce our operating costs, so our services remain affordable for the whole community”
Scaling with motivated investors - Oomph! Wellness
“We wanted investors that shared our values: namely a commitment to strong commercial returns but never at the expense of the health and wellbeing of the older adults we exist to serve”
• 2
Achieving better outcomes – CPCEs
Delivering enhanced care beyond basic needs, with reduced social isolation
But…need to consider:
• NOT replacement for grants and other income• Social investment is a means to an end…• Options for different organisations (size, legal structure,
stage in development) • Choosing the right option for short term and long term• Understanding risks• Internal capacity and capability • Visibility of process• Impact – demonstrating social outcomes
Wider social investment ecosystem
OCS Social Incubator
Fund(£10m)
Big Venture Challenge (>£5m)
CO ICRF (£10m)
Stage of business growth
Commissioning/revenue support
Secured Loans
Unsecured Loans
Equity
Grant
Restricted Grant
Social Investment Funds (~£20m)
Start up Early GrowthEstablished
Type
of c
apita
l
BIG Potential(£10m)
CO Outcomes Fund (£10m)
BLF Outcomes Fund (£40m)
Fully or partly funded by government
Fully or partly funded by Big Lottery Fund
Partly capitalised by Big Society Capital
Other
Grant programmes from Charitable Trusts and Foundations (>£2bn)
Social Banks (~£180m)
Tech for Good
(£500K)
Support to prepare for investment
– For social ventures seeking to raise over £0.5m investment
– Grant (£50k-£150k) to cover cost of capacity building support (application joint with advisory firm – over 35 approved providers)
– Currently inviting applications from mutuals and arts ventures, as well as others.
http://www.beinvestmentready.org.uk/social-ventures/
Big Potential (new - first half 2014)
- £10m fund over 3 years- For VCSE organisations seeking to
raise up to £500k investment (or contracts)
- Diagnostic tool assessment to check whether social investment is a realistic possibility
- Advisory support (apply jointly with an approved provider):
- Preliminary grants to build organisational capability (c£25k)
- Investment plan grants (c£45k)
Coming soon• Big Lottery Fund Guide to Social Investment
– to be launched May 2014- Have your say on what would be useful! Focus Group in Leeds 13 March
http://www.eventbrite.co.uk/e/social-investment-guide-leeds-focus-group-tickets-10614262545
• Submit online queries to BSC investment team
Other online information
1) Sources of funding currently open:http://www.bigsocietycapital.com/sources-investment
2) Directory of social finance providers and advisers (can filter for specific requirements):http://www.bigsocietycapital.com/finding-the-right-investment
3) NCVO guide and toolhttp://www.fundingcentral.org.uk/Page.aspx?SP=6059
Contact: [email protected]
For info:
What is social investment?
It IS:the provision of finance to generate social and
financial returns
It is NOT:a grant – there is an expectation of repayment of the
finance, plus a return
Why is social investment beneficial?
• Fills financing gap for innovation and growth, increasing impact.
• Strengthens governance and accountability
• Brings in new groups of supporters, and their skills and experience
• Capital is recycled for onward investment
• Deeper engagement with social sector and community
• Helps shape a new responsible form of capitalism
For INVESTEES For INVESTORS
Funds in 2014
Care and Wellbeing Healthcare
Charity Bonds SIB Fund
Other sector focused funds…?
Finance for medium
enterprises
Small unsecured
loans
Regional Funds
Operating Intermediaries
Social Impact BondsIssue Specific Funds
Commitments we’ve made£150m committed
Social Enterprise FundsSocial Loan Funds
Future Developments
Social Investment Tax Relief
BSC & BIG co-financed initiatives
ICRF 2 (Cabinet Office)
Community Assets Fund
Social ISAs (bond funds)
Manifesto development
www.bigsocietycapital.comBig Society Capital Limited is registered in England and Wales at Companies House number 07599565.Our registered office is 5th Floor, Chronicle House, 72-78 Fleet Street, London EC4Y 1HY.Big Society Capital is authorised and regulated by Financial Conduct Authority number 568940.