At Big Society Capital, we are seeing increasing interest in the use of social investment to pump prime public service reform. There are wide areas of government services which could benefit from being commissioned partially or fully on the basis of outcomes.
A core part of Big Society Capital’s role as an investor is to source and develop new investment proposals, as well as assessing applications we receive. We actively seek partners to co-design solutions which address specific social issues and fill gaps where social investment could have a role to play.
Many charities with a large national presence such as Age UK and YMCA operate in a “federated” structure (with an umbrella or national charity and a number of local independent charities run with a common identity).
Funding Affordable Homes (FAH), a social impact company which enables long-term socially responsible private investment into the affordable housing sector, has today announced that it has received an investment of £15 million from Big Society Capital.
Big Issue Invest, a pioneering social investor and part of The Big Issue Group, today announced that it had recently closed a first tranche of fundraising commitments of over £21 million into its Big Issue Invest Social Enterprise Investment Fund II (SEIF II). Following on from the success of Big Issue Invest’s first investment fund (SEIF I), which is now fully committed, SEIF II is seeking opportunities to invest in businesses with ambitious social impact goals whilst aiming to deliver robust financial returns to investors.
I spent seven years looking after my mum before she died. Caring for someone with dementia is a lot harder than most people realise. I often felt lost and overwhelmed by the task ahead and soon realised I had to find new ways to keep Mum busy and give her a sense of purpose, otherwise she’d spend all day staring at the TV.