Financing the growth of successful social enterprises

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Presentation by Jonathan Bland, Social Business International at the Social Entrepreneurship Forum in Riga on November 8-9, 2012 For more information visit: http://sefriga.lv/

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Financing the growth of successful social enterprises

  1. 1. Financing the growth of successful social enterprises Presentation by Jonathan Bland Social Business International 1
  2. 2. Aims and Context•Why do you want social enterprise growth?•Jobs, services ?•How do conceptualise SE in your context•Where might that growth happen?•What are the routes for growth?•Importance of a systemic approach 2
  3. 3. Success Depends on 3 Ms MONEY MONEY MODELS MODELS MARKETS MARKETSIt is the interrelationship between them that is important! 3
  4. 4. M odels: Plurality and Alternatives• Social Enterprise Model• Business trading for a socialpurpose; profits principally re-invested• Many different approaches andlegal models in different countries• They develop in different ways 4
  5. 5. MoneyGrants: start-up, innovationDebt: short-term working capital, propertyEquity: patient risk-taking finance for growthMany similarities to all SMEs, but some bigdifferences, due to not maximisingshareholder value.What exists and where are the gaps 5
  6. 6. Filling the gaps•Grant programmes – to stimulate business•Generalist banks as lenders and investors – need to buildunderstanding – market potential, particular needs•Specialist funds – that can fill gaps, market building•Innovative tools – e.g. community share issues,participating loans etc. 6
  7. 7. How to fill the gapsWho does what?Government is not usually good at providing supportdirectly – a role for intermediaries.Grant ProvidersSocial Investment funds: debt and equity 7
  8. 8. Examples•The Big Lottery and Unlimited•Unity Trust Bank•The Banca Prossima•The Social Enterprise Investment Fund•Bridges Ventures 8
  9. 9. Growing a market for social investment in the UKBig Society CapitalSocial Impact BondsA social stock exchangeMany issues – key one is Measuring Impact 9
  10. 10. Opportunities presented by the SBI•EU Financial Instrument•Structural Funds•Social Entrepreneurship Funds•Also measurement and widerunderstanding/visibility 10
  11. 11. Moving Forward• Window of influence for EU funds•Clarity of focus•Fit with creating a wider ecosystem forsocial entrepreneurship 11
  12. 12. ContactJonathan.Bland@socialbusinessint.comwww.socialbusinessint.com “Growing Successful Social Enterprise” Kettering UK 4-5 March 2013 12

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