Charity Bond Support Fund

Charity bond fund helping charities and social enterprises raise capital from investors via the public bond markets.

Glasgow
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The challenge

Raising a charity bond for the first time can be a long and expensive process, while a lack of available data in this relatively new market can make it difficult to attract investors.

Our approach

We developed a fund to drive the development of the charity bond market, providing issuers and investors with the confidence they both need to see sustainable growth. The fund has helped the charity bond market grow from £30 million in 2014 to over £300 million in 2019.

The fund

The Fund supports a range of social enterprises and charities in the UK raise capital via the public bond market.

The Fund has been specifically structured to ensure it supports the development of the charity bond market as it grows and does not embed a reliance upon its support, encouraging and prioritising demand from other social investors. This will help develop a track record of issuances and attract individual and institutional investors in the future.

  • Big Society Capital commitment

    £30 million

Key information

  • Geography

    UK wide
  • Investment type

    Charity bonds
  • Fund manager

    Rathbones Investment Management
  • Investment status

    Current
  • Investment date

    2014
  • Term

    Perpetuity

Impact

  • 8

    Number of bonds invested over life of fund

  • £887,188

    Average investment size

Sustainable development goals

  • 1: No Poverty End poverty in all its forms everywhere
  • 3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages
  • 4: Quality Education Ensure inclusive and equitable quality education and promote lifelong learning opportunities for all
  • 7: Affordable and Clean Energy Ensure access to affordable, reliable, sustainable and modern energy for all
  • 8: Decent Work and Economic Growth Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
  • 11: Sustainable Cities and Communities Make cities and human settlements inclusive, safe, resilient and sustainable
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Alex Stephens

Investment Manager
Talk to me about:
Social impact bonds (SIBs)