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/

1. Financing the growth of successful social
enterprises
Presentation by Jonathan Bland
Social Business International
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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
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3. Success Depends on 3 Ms
MONEY
MONEY
MODELS
MODELS
MARKETS
MARKETS
It is the interrelationship between them that
is important!
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4. M odels: Plurality and Alternatives
• Social Enterprise Model
• Business trading for a social
purpose; profits principally re-
invested
• Many different approaches and
legal models in different countries
• They develop in different ways
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5. Money
Grants: start-up, innovation
Debt: short-term working capital, property
Equity: patient risk-taking finance for growth
Many similarities to all SMEs, but some big
differences, due to not maximising
shareholder value.
What exists and where are the gaps
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6. Filling the gaps
•Grant programmes – to stimulate business
•Generalist banks as lenders and investors – need to build
understanding – market potential, particular needs
•Specialist funds – that can fill gaps, market building
•Innovative tools – e.g. community share issues,
participating loans etc.
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7. How to fill the gaps
Who does what?
Government is not usually good at providing support
directly – a role for intermediaries.
Grant Providers
Social Investment funds: debt and equity
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8. Examples
•The Big Lottery and Unlimited
•Unity Trust Bank
•The Banca Prossima
•The Social Enterprise Investment Fund
•Bridges Ventures
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9. Growing a market for social investment
in the UK
Big Society Capital
Social Impact Bonds
A social stock exchange
Many issues – key one is Measuring Impact
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10. Opportunities presented by the SBI
•EU Financial Instrument
•Structural Funds
•Social Entrepreneurship Funds
•Also measurement and wider
understanding/visibility
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11. Moving Forward
• Window of influence for EU funds
•Clarity of focus
•Fit with creating a wider ecosystem for
social entrepreneurship
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12. Contact
Jonathan.Bland@socialbusinessint.com
www.socialbusinessint.com
“Growing Successful Social Enterprise”
Kettering UK 4-5 March 2013
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