Upload
enterpriseresearchcentre
View
42
Download
0
Embed Size (px)
Citation preview
ABOUT BIG SOCIETY CAPITAL
Big Society Capital is an independent financial
institution with a social mission, set up to help to
develop social investment in the UK.
Champion for Social Investment
Wholesale
Social Investor
AS A CHAMPION
Business Impact Challenge
GET IT Public service reform
Transparency
Research Council
Charity Bonds Social Pensions Crowd Funding
Working with charities & social
enterprises
Working with investors
Social impact tools
CURRENT PROJECTS
CORE ACTIVITIES
AS AN INVESTOR
Co-development
Applications
Drawn down by
charities and
social enterprisesInvestment into
intermediaries
£289 million+ £505 million co-investment £110 million
+ £175 million
co-investment
OUR FOCUS
Finance for small & medium-sized
charities & other social sector organisations
Capital that allows innovation in tackling
social problems to quickly grow and
replicate
Mass participation in social investment
.
Greater financial scale in order to
finance social issues
THE SOCIAL CHALLENGE IN THE UK
Housing & local
facilitiesCommunities Education
Income & financial
inclusion
Health &
social careEmployment &
training
Family, friends and
relationshipsCriminal justice
Arts, heritage, sport
and faith
WHAT IS SOCIAL INVESTMENT?
Social investment is repayable money to help charities and social
enterprises to do more of their important work.
ONE TOOL FOR SOCIAL VENTURES
Trading Donations
Bank
Finance
Contracts/ Payment
By Results
Social
Investment
FINANCIAL TOOLKIT
To build innovation, growth and sustainability
EXAMPLES OF HOW IT WORKS
9
SOCIAL SECTOR INFO
10
£39bn income
£38bn spenddeclined since 2007
peak of £41bn
900k civil society orgs
161k charities
70k social enterprises
Social enterprises contribute
£24bn to economy
and employ 1m people
Charities & social enterprises
are regulated organisations:
asset locked / (part) profit locked
52% of social enterprises grew in last year
40% of mainstream sme’s grew in same year
CONTROVERSIES
16
Regulated, no/limited private gain
Can’t give equity investment – slows
down growth
Will they still be
social tomorrow?
CONTROVERSIES
17
Regulated, no/limited private gain
Can’t give equity investment – slows
down growth
Will they still be
social tomorrow?
?
BUSINESS FINANCE IN DISADVANTAGED AREAS
21
Banks still not reaching
disadvantaged areas enough.
CDFIs help but are poorly
supported and reliant on
EU funds/guarantees which
will disappear with Brexit
A CALL TO ACTION
22
• Traditional social sector is struggling but resilient
• Social investment can help some to do more
• Growing movement of social entrepreneurs and
profit with purpose businesses
• Increasing interest in inclusive business
• New social needs including the people “left behind”
• SME business finance in disadvantaged areas
needs an urgent reboot
www.bigsocietycapital.com
Big Society Capital Limited is registered in England and Wales at Companies House number 07599565. Our registered office is 4th Floor, New Fetter Place,
8-10 New Fetter Lane, London EC4A 1AZ. Big Society Capital is authorised and regulated by Financial Conduct Authority number 568940.
23
Thanks for listening
@cliffprior
@bigsocietycap
www.goodfinance.org.uk
#socinv