1. Impact investing tools in Europe: big society capital
May 2018
James Burrows – Investment Director

2. Big Society Capital: A brief history & overview of the UK’s social investment fund of funds
From “dormant accounts” to improving the lives of communities in the UK

3. Source: www.impactmanagementproject.com
Building the “market(s)”, starting with the social issue, expanding the toolkit, and being part of the solutions
Understanding the need
Flows of investment & “pipes”
Growing the product mix
Spectrum of intentions across impact investing
Where BSC targets
Source:

4. Source: https://www.bigsocietycapital.com/impact-report/
5+ years of impact – for the market, for socially motivated organisations, and for people in the UK
1) Impact on the market…
2) Impact on organisations…
3) Impact for people in the UK…
Source:

5. In practice: A range of tools with different approaches brought to different issues1 2 3 4
Not to mention secured lending, property funds, community shares, social impact bonds & others!

6. Examples & application in underserved places across the UK: Potential for a sparsely populated context?
Community Hydro (or renewable energy more broadly)
Enabler: Community shares
Enabler: Research & data
Tiroran Community Forest
Community-Led Housing
Bristol One City Funds
Identify & harness assets
Identify & create business models
Effective local networks
Integrated support
Implement right investment tools for resilience &/or growth at right time
Evaluate & learn

7. ¿Las Preguntas?

8. Appendices

9. Our strategy

10. Our theory of change

11. Our approaches: impact, data, investment
bigsocietycapital.com/what-we-do
bigsocietycapital.com/impact-report
Data Dives into Social Investment

12. Some of the over 1000 organisations that have benefited from BSC investment so far

13. Our investment tools… what do we have and how could they be used?
PLUS….
TBC – To emerge from the research and exemplar deal analysis
Exemplar: Regional unsecured debt fund
Purpose: Access to finance for underserved enterprise models
Amount: £16m (8m BSC)
Place: Broader region, eg Scotland, [North East]
Status: Almost fully deployed
Exemplar: Community shares Guarantee (Eg CSUF)
Purpose: To expand the use of a product used to purchase assets for community benefit
Amount: £3m (1m BSC)
Place: National, deployed in targeted places
Status: Fully deployed
Exemplar: Community assets facility (eg CORE, renewables)
Purpose: For communities to take ownership of key revenue generating assets
Amount: £40m (30m BSC)
Place: National, deployed in targeted places
Status: Signed
Exemplar: Cultural / thematic fund[s] (eg Fair by Design)
Purpose: To bring range of solutions & partners to address the poverty premium
Amount: £5-15m
Place: National
Status: Approved / Launched
Exemplar: Tax-efficient co-investment (eg. Crowdmatch fund)
Purpose: To match investors who care about impact in their area
Amount: £5-15m
Place: National, but in place
Status: Signed and investing
Exemplar: Community Finance (CDFI models)
Purpose: Access to finance for underserved enterprise models
Amount: up to £100m (30m BSC)
Place: National, deployed in targeted places
Status: TBC