Sustainable Funding Conference Funding Fit for Purpose Clare Thomas, MBE
OLD LONDON BRIDGE 1995 – 2011 6300 grants totalling £264,000,000m
Programme Headlines <ul><li>Accessible London </li></ul><ul><li>Bridging Communities </li></ul><ul><li>Improving Londoners...
CBT’s Funding Approaches <ul><li>Classical grant-making - £17m for well publicised programmes </li></ul><ul><li>Strategic ...
 
Investor Perspectives on Social Enterprise Financing <ul><li>Mapped social investment vehicles – nascent market </li></ul>...
Civil Society Organisations A small market! £157bn annual income (NCVO) £24bn estimated turnover (Young Foundation) £190m ...
New Forms of Funding <ul><li>Funding context – The  cuts , more commissioning, payment by results, social investment. </li...
Allia’s East London Bond <ul><li>£100,000 invested in 5 year, fixed-term bond </li></ul><ul><li>Investors forego their int...
HCT Group Six grants totalling £755,000 – 1995-2007
The Future <ul><li>New ways of giving </li></ul><ul><li>New ways of seeking  </li></ul><ul><li>New ways of using and makin...
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Clare Thomas MBE, City Bridge Trust

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Funding fit for purpose - presented at NCVO Sustainable Funding Conference 2011: Adapt, Gain, Grow.

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Clare Thomas MBE, City Bridge Trust

  1. 1. Sustainable Funding Conference Funding Fit for Purpose Clare Thomas, MBE
  2. 2. OLD LONDON BRIDGE 1995 – 2011 6300 grants totalling £264,000,000m
  3. 3. Programme Headlines <ul><li>Accessible London </li></ul><ul><li>Bridging Communities </li></ul><ul><li>Improving Londoners’ Mental Health </li></ul><ul><li>London’s Environment </li></ul><ul><li>Older Londoners </li></ul><ul><li>Positive Transitions to Independent Living </li></ul><ul><li>Strengthening the Third Sector </li></ul>
  4. 4. CBT’s Funding Approaches <ul><li>Classical grant-making - £17m for well publicised programmes </li></ul><ul><li>Strategic Initiatives – £721,000 so far this year </li></ul><ul><ul><li>Fear and Fashion – Tackling Knife Crime, the Allia Bond </li></ul></ul><ul><li>Added Value Funding Plus </li></ul><ul><ul><li>Charities Evaluation Services </li></ul></ul><ul><ul><li>Media Trust </li></ul></ul><ul><ul><li>Capacity Building Consultancy </li></ul></ul><ul><li>Sharing Our Learning – Buried Treasure </li></ul><ul><ul><li>The Knowledge – Learning from London, Conferences, Research </li></ul></ul>
  5. 6. Investor Perspectives on Social Enterprise Financing <ul><li>Mapped social investment vehicles – nascent market </li></ul><ul><li>Looked at the barriers for different categories of investors </li></ul><ul><li>- close to market return </li></ul><ul><li>- guarantee or mitigation of risk </li></ul><ul><li>- liquidity </li></ul><ul><li>- robust metric for solid return, large investment opportunity </li></ul><ul><li>- track record </li></ul><ul><li>Who has invested? – Government, Big Lottery, Charitable Foundations </li></ul><ul><li>Grow the market – intermediaries, Big Society Capital </li></ul>
  6. 7. Civil Society Organisations A small market! £157bn annual income (NCVO) £24bn estimated turnover (Young Foundation) £190m (NESTA)
  7. 8. New Forms of Funding <ul><li>Funding context – The cuts , more commissioning, payment by results, social investment. </li></ul><ul><li>CC14 enables foundations to consider social investment </li></ul><ul><li>Social investment – a coat of many colours </li></ul><ul><ul><ul><li>Social Impact Bonds (SIBs) – Social Finance. The greater the improved social outcome, the greater the return to the investor. </li></ul></ul></ul><ul><ul><ul><li>Scope Bonds </li></ul></ul></ul><ul><ul><ul><li>Loans, patient loans, Foundations as guarantors </li></ul></ul></ul><ul><ul><ul><li>Quasi-equity </li></ul></ul></ul><ul><ul><ul><li>Allia bond </li></ul></ul></ul>
  8. 9. Allia’s East London Bond <ul><li>£100,000 invested in 5 year, fixed-term bond </li></ul><ul><li>Investors forego their interest – get capital back </li></ul><ul><li>80% of the total raised loaned at a commercial rate to Place for People homes (social housing in East London) </li></ul><ul><li>20% of the funds went to Bromley By Bow Centre and CommunityLinks as unrestricted funding. </li></ul><ul><li>Win, win, win. We get capital back to recycle in more grants. </li></ul>
  9. 10. HCT Group Six grants totalling £755,000 – 1995-2007
  10. 11. The Future <ul><li>New ways of giving </li></ul><ul><li>New ways of seeking </li></ul><ul><li>New ways of using and making money </li></ul><ul><li>New relations with Government </li></ul>

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