Social Finance receives Big Society Capital investment to support its working capital | Big Society Capital

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Social Finance receives Big Society Capital investment to support its working capital

Big Society Capital, the UK’s premier social investment institution, invests in Social Finance, a leading social investment intermediary.

Big Society Capital closed an investment into Social Finance enabling the social investment intermediary to continue innovating to find better solutions to some of society’s most challenging problems. Established in 2007, Social Finance has grown to be a leading player in the social investment market, mobilising over £100 million investment and helping to pioneer a series of programmes.

Social Finance’s social impact driven mission and approach is in line with Big Society Capital’s goals to support innovative solutions that can quickly grow and replication. Social Finance supports its clients, from social enterprises through to government, to achieve better outcomes for some of the most vulnerable individuals and groups in society. 

Rebecca McCartney, Investment Associate at Big Society Capital said: 

“Social Finance has an important role in the social investment market and is a key partner for Big Society Capital. We are delighted to support its continued diverse work to deliver meaningful social impact across a spectrum of social issue areas. We hope the £1 million revolving credit facility will help Social Finance continued growth and its ongoing contribution to the development of the market.”

Lisa Barclay, Chief Operating Officer at Social Finance adds:

“The revolving credit facility will give Social Finance greater flexibility to innovate and design new services and programmes for social change. We are grateful to Big Society for the recognition of the impact Social Finance can make by investing in a range of different approaches to different social issues.”

ENDS

Contact: Rebecca McCartney - 

About Social Finance

Social Finance is a not for profit organisation that partners with the government, the social sector and the financial community to find better ways of tackling social problems in the UK and beyond.

Its unique 70-member team comprises individuals with substantial financial, consulting and social expertise who share a common passion for solving entrenched social problems. They work alongside a nonexecutive board of leading figures from the social, financial and governmental sectors. It looks for structures that offer flexibility and long-term funding, and encourage innovation to deliver maximum impact.

Since it started in 2007, Social Finance has mobilised over £100 million of investment and helped to pioneer a series of programmes, including the Social Impact Bond model, to improve outcomes for individuals with complex needs. We have sister organisations in the US and Israel and a network of partners across the world.

More at www.socialfinance.org.uk

Last updated | 
17 November 2016