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SOCIAL INVESTMENT – AN OVERVIEW Melanie Mills, Social Sector Engagement The Past, Present & Future.

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Presentation on theme: "SOCIAL INVESTMENT – AN OVERVIEW Melanie Mills, Social Sector Engagement The Past, Present & Future."— Presentation transcript:

1 SOCIAL INVESTMENT – AN OVERVIEW Melanie Mills, Social Sector Engagement Director @Mel_BigSocCap The Past, Present & Future

2 EVERY CHARITY AND SOCIAL ENTERPRISE IN THE UK SHOULD BE ABLE TO ACCESS APPROPRIATE AND AFFORDABLE FINANCE AND SUPPORT TO GROW THEIR POSITIVE IMPACT ON SOCIETY. SOCIAL INVESTMENT WE BELIEVE 2

3 SOCIAL IMPACT WORKING ACROSS DIVERSE & MULTIPLE SOCIAL ISSUES Ageing population Adoption Fragmented communities Educational attainment Obesity Youth unemployment Homelessness Social isolation Social Isolation

4 ABOUT BIG SOCIETY CAPITAL HOW THE MONEY FLOWS Big Society Capital is an independent wholesale financial institution with a social mission, set up to help grow the social investment market.

5 OUR VISION FOR A SUSTAINBLE SOCIAL INVESTMENT MARKET IN THE UK THAT DRIVES SOCIAL CHANGE Investment Financial Return Philanthropy Social Return Social Investment Financial & Social Return Finance for small & medium- sized charities Capital that allows innovation in tackling social problems to quickly grow & replicate Mass participation in social investment Greater financial scale in order to finance social issues Image: St Mungo’s Broadway

6 OUR MISSION TO SUPPORT AND GROW THE SOCIAL INVESTMENT MARKET Improving understanding of social investment Creating a better environment for social investment, e.g. tax relief Encouraging mass participation more individuals participating as social investors Increasing awareness among charities and social enterprises that might benefit from social investment £162 million drawn down with co-investment by the end of June 2015 39 Investments with additional £208m from co- investors General and specialist funds: loans, equity, regional, social issue, community Social Impact Bonds Social Banks Charity Bonds Supporting market infrastructure As an investorAs a market champion

7 HOW & WHERE ARE THE INVESTMENTS BEING MADE?

8 PORTFOLIO BY OUTCOME AREA Portfolio – Asset type Outcome AreaInvestments % commitments Employment, Training & Education 3% Income and Financial Inclusion 1% Housing and Local Facilities 18% Physical Health 2% Mental Health and Well-being 6% Family, Friends and Relationships 1% Arts, Heritage, Sport and Faith 0% Citizenship and Community 15% Conservation of the natural environment 6% GENERAL 44% Infrastructure 14% 8

9 HOW & WHERE ARE THE INVESTMENTS BEING MADE? Key Investment location Investment location with multiple investments Invest location with multiple outcome areas As well as UK-wide organisations and digital projects, Big Society Capital, and the intermediaries it has invested in, have funded outcomes all over the country.

10 SOCIAL INVESTMENT OPTIONS Equity Asset Ownership Alternatives Project Financing Secured LoansUnsecured Loans Community Shares Venture Funds Crowdfunding Social Angels Community Shares Social Impact Bonds Charity Bonds Social Banks Mainstream Banks Crowdfunding Unsecured Loan Funds Social Investment Tax Relief Social Property Funds Asset Purchase Facilities Social Investment Tax Relief

11 Small & medium sized charities Access will deliver a wholesale blended capital programme to offer smaller and riskier investments to earlier stage ventures. It will also commission flexible innovative capacity building programmes to support the social sector to become investment ready. Innovation The Business Impact Challenge is an open competition for corporates to propose high- impact social investment ideas. We will match the leading proposal with up to £15million and provide further advice and support. Mass participation There are an increasing number of individual investors putting money into community shares. £30milllion was raised in 2014 alone by 61 different organisations for a range of projects including community shops, pubs, renewable energy and sports facilities. We helped Resonance to further expand its Community Share Underwriting Fund to support this growth. Scale The charity bond market took significant steps in 2014. Golden Lane Housing became the first charity bond to be successfully listed on the London Stock Exchange and Rathbone's Charity Bond Support Fund was launched with £10million from Big Society Capital. KEY DEVELOPMENTS IN 2014

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13 GET SITR CAMPAIGN MASS EDUCATION –Email, events, resources, media ADVISORS & PROVIDERS –Awareness, knowledge & expertise MARKET LEADERS –Support for first 30 deals –PR, legal, research, strategy, tax

14 MASS PARTICIPATION Social Pensions Social Savings & Investments

15 Transparency #OpenBSC In the publication ‘An open conversation about transparency’, Big Society Capital outlined a number of proposals in its roles as an investor, market champion and corporate organisation. Responses and suggestions were collected and as a result all 11 proposals will be progressed – update on next steps shared Oct 15 Outcome Finance Fund 2013: 2016: In September 2015 Big Society Capital launched a call for an Outcome Finance Fund which it is hoped will build on the progress made in Social Impact Bond market and support social sector organisations in accessing finance for outcomes contracts. The design of the fund will be developed following conversations with charities and social enterprises as well as other stakeholders to ensure it meets their needs. PLANS FOR THE FUTURE ?

16 WWW.BIGSOCIETYCAPITAL.COM Melanie Mills Social Sector Engagement Director @Mel_BigSocCap


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