Presented by David Floyd, Managing Director, Social Spider, at NCVO's 2015 Evolve Conference.
One of two presentations covering the alternative finance landscape.
Social Finance and Impact Investing in CanadaKarim Harji
Presentation at OISE - November 21, 2012
• An overview of the state of social finance and impact investing across Canada
• An analysis of why Canada is well positioned to become a leader globally
• A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
Accelerating Impact Impact Investing & Innovative Financing for DevelopmentKarim Harji
The concept of innovative financing is a relatively recent addition to the development lexicon. Edward Jackson, a faculty member at the School of Public Policy and Administration at Carleton University, and Karim Harji, a co-founder and partner at Purpose Capital, will introduce the audience to innovative financing and impact investing through their report, Accelerating Impact: Achievements, Challenges and What’s Next in Building the Impact Investing Industry. The AKFC Seminars on Innovative Financing for Development, hosted by Aga Khan Foundation Canada in partnership with Carleton University’s School of Public Policy and Administration.
Social Finance and Impact Investing in CanadaKarim Harji
Presentation at OISE - November 21, 2012
• An overview of the state of social finance and impact investing across Canada
• An analysis of why Canada is well positioned to become a leader globally
• A participatory discussion on the key issues such as:
-- The perceived trade-offs between social impact vs. financial return;
--- How philanthropy can complement social finance;
--- Measurement of social value creation;
--- Legislation and public policy; and
--- Bridging silos between sectors and organizations.
Accelerating Impact Impact Investing & Innovative Financing for DevelopmentKarim Harji
The concept of innovative financing is a relatively recent addition to the development lexicon. Edward Jackson, a faculty member at the School of Public Policy and Administration at Carleton University, and Karim Harji, a co-founder and partner at Purpose Capital, will introduce the audience to innovative financing and impact investing through their report, Accelerating Impact: Achievements, Challenges and What’s Next in Building the Impact Investing Industry. The AKFC Seminars on Innovative Financing for Development, hosted by Aga Khan Foundation Canada in partnership with Carleton University’s School of Public Policy and Administration.
Session 1: Welcome & Social Sector Access to Finance
Session 2: Social Investment and Match Funding
Session 3: Social Investment Tax Relief
Session 4: Details of RfP
Session 5: The View from the Frontline
The Ultimate Guide to Real Estate CrowdfundingSteven Lo
By now, most people have heard of Real Estate Crowdfunding, but how exactly does it work? 4+ years after Obama signed the JOBS Act, which essentially opened the lane for Real Estate Crowdfunding to exist, and there are over 150 companies competing to get ahead in the industry.
In this thorough guide to Real Estate Crowdfunding we take a look at how investments work, pertinent rules and regulations, current players in the industry, and more.
Is Equity Crowdfunding Right For Your Early-Stage Company?
Get your questions answered at this workshop on the structure, rules and regulations around engaging in Equity Crowdfunding. A year on since the May 2016 SEC Equity Crowdfunding New SEC Guidelines there is a new wave of opportunity for investing - now ANYONE from the accredited investor to your grandma can invest in the next big thing, but what does this really mean for your early stage company? Is this actually an alternative to raising traditional rounds of funding?
Questions answered include:
WHY should I care about regulation crowdfunding?
WHO can engage in regulation crowdfunding?
WHAT is regulation crowdfunding?
WHERE can regulation crowdfunding happen?
WHEN can I engage in regulation crowdfunding?
IS regulation crowdfunding right for me?
Find out what crowdfunding is in Australia and how to make your SME more attractive to investors. Get your business investor ready and get the bank off your back!
Crowdfunding for social enterprises - By Retired Not Outgothip
The highlights from the slides we shared last night as we discussed how social enterprises can raise funding, especially via crowdfunding in Hong Kong.
Disclaimer: The views expressed in this document are the authors own and don't claim to be those of anyone else. The document may be open to interpretation. The author is not liable for any actions / mis-actions taken as a result of the content of this document.
Presentation on Impact Investing at the 2nd Annual Social Entrepreneurship Summit at Washington & Lee University's Williams School of Commerce, Economics and Politics.
Mcaa per lo scambio automatico delle informazioniPaolo Soro
MCAA per lo scambio automatico delle informazioni
Sottoscritto l’Accordo internazionale che dà attuazione allo scambio automatico delle informazioni fiscali e finanziarie fra 31 Paesi membri dell’OCSE.
Lo scorso 27 gennaio, i rappresentanti di 31 Paesi (inclusa l’Italia), hanno sottoscritto in sede OCSE il Multilateral Competent Authority Agreement (MCAA), per attivare lo scambio automatico delle informazioni (Country-by-Country Reports).
Session 1: Welcome & Social Sector Access to Finance
Session 2: Social Investment and Match Funding
Session 3: Social Investment Tax Relief
Session 4: Details of RfP
Session 5: The View from the Frontline
The Ultimate Guide to Real Estate CrowdfundingSteven Lo
By now, most people have heard of Real Estate Crowdfunding, but how exactly does it work? 4+ years after Obama signed the JOBS Act, which essentially opened the lane for Real Estate Crowdfunding to exist, and there are over 150 companies competing to get ahead in the industry.
In this thorough guide to Real Estate Crowdfunding we take a look at how investments work, pertinent rules and regulations, current players in the industry, and more.
Is Equity Crowdfunding Right For Your Early-Stage Company?
Get your questions answered at this workshop on the structure, rules and regulations around engaging in Equity Crowdfunding. A year on since the May 2016 SEC Equity Crowdfunding New SEC Guidelines there is a new wave of opportunity for investing - now ANYONE from the accredited investor to your grandma can invest in the next big thing, but what does this really mean for your early stage company? Is this actually an alternative to raising traditional rounds of funding?
Questions answered include:
WHY should I care about regulation crowdfunding?
WHO can engage in regulation crowdfunding?
WHAT is regulation crowdfunding?
WHERE can regulation crowdfunding happen?
WHEN can I engage in regulation crowdfunding?
IS regulation crowdfunding right for me?
Find out what crowdfunding is in Australia and how to make your SME more attractive to investors. Get your business investor ready and get the bank off your back!
Crowdfunding for social enterprises - By Retired Not Outgothip
The highlights from the slides we shared last night as we discussed how social enterprises can raise funding, especially via crowdfunding in Hong Kong.
Disclaimer: The views expressed in this document are the authors own and don't claim to be those of anyone else. The document may be open to interpretation. The author is not liable for any actions / mis-actions taken as a result of the content of this document.
Presentation on Impact Investing at the 2nd Annual Social Entrepreneurship Summit at Washington & Lee University's Williams School of Commerce, Economics and Politics.
Mcaa per lo scambio automatico delle informazioniPaolo Soro
MCAA per lo scambio automatico delle informazioni
Sottoscritto l’Accordo internazionale che dà attuazione allo scambio automatico delle informazioni fiscali e finanziarie fra 31 Paesi membri dell’OCSE.
Lo scorso 27 gennaio, i rappresentanti di 31 Paesi (inclusa l’Italia), hanno sottoscritto in sede OCSE il Multilateral Competent Authority Agreement (MCAA), per attivare lo scambio automatico delle informazioni (Country-by-Country Reports).
Advancing Creativity, Innovation, and Entrepreneurship in VermontL Torres
Vermont's Office of the Creative Economy exists to support and promote creative industries in the state, including film and new media, software and game design, advertising and marketing, the manufacturing arts, and arts and cultural organizations.
The role of Government in the Social EconomyOECD CFE
The capacity building seminar will gather the main stakeholders who are concerned with building conducive ecosystems for social enterprises: policy makers and administrators, networks of social enterprises and social economy actors, social finance players.
Report about Social Impacts Bonds prepared by ABN Amro. Taken from this web-site: http://www.abnamro.com/en/images/040_Sustainability/050_Reporting/Files/Summary_Sustainability_Report_2013_EN-.pdf
The presentation was a workshop at NCVO's European Funding Network's event LEPs, Growth and EU funds on Wednesday 25 September 2013.
The presentation was by Azlina Bulmer Charity Bank, Sam Tarff, The Key Fund, Chris Dadson, Social Investment Business and is a guide to Social Investment and Local Impact Funds.
Find out more about the event 'LEPs, Growth and EU funds': http://europeanfundingnetwork.eu/events/engaging-with-your-leps
Find out more about NCVO's European Funding network: http://europeanfundingnetwork.eu/
Alan Barrell, Entrepreneur in Residence at Judge Business School, spoke in the 'Alternative funding strategies' panel at the Cambridge Rare Disease Summit 2015.
Social impact bonds at a glance, August 2017Liat Zwirn
The social impact field has been enriched by new ideas and approaches, allowing it to do more with limited resources. This presentation glances at one of the new financing models: social impact bonds.
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Caron Bradshaw, Chief Executive, Charity Finance Group and looks at the practical issues around social investment, showcasing some of the products available, hearing from charities that have successfully used social investment and social investment providers.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about the work NCVO does around funding: http://www.ncvo.org.uk/practical-support/funding
The Netherlands is facing public sector cuts in a similar way to the Uk has already experienced. This presentation was given to a public sector conference in Utrecht focused on \’new financial mechanisms\’ and illustrating innovative models from the UK
'Let's get real! - exploring different funding options for your early stage c...Lucy Woods
A joint EEN (Enterprise Europe Network) and CW (Cambridge Wiireless) event held at St Johns Innovation Centre (SJIC) in January 2016. Speakers included David Gill (MD of SJIC), Goncalo de Vasconcelos (SyndicateRoom), Matthew Scherba (BreedReply) and Mark Wiseman (Barclays)
Similar to Social investment: It's not as bad as you think (S1) (20)
A panel discussion considering what the future hold for charities and their governance, and how trustees can support their charities to survive and thrive.
Here we share our progress on updating the Charity Governance Code. Hear from the Code steering group about changes that are being made to the Diversity and Integrity principles following its refresh.
The panel will share some of the proposed changes to the Integrity principle, offering a preview of the updates. They will also reflect on findings from engagement and the extended consultation on enhancements to the Diversity principle. This will be an opportunity for the steering group to share their learning, having listened to a range of experiences. It is also an opportunity to discuss best practice which has been identified through the revision work. Finally, the group will offer an update on next steps on the Code's revision.
We’ve put together this video guide to using the governance wheel to carry out a board effectiveness review. It will be most useful for trustees or staff who are undertaking a board review for their own charity and want to know how best to use the governance wheel to support them in this.
As the charity sector continues to manage the impact of the pandemic, many charities are facing financial uncertainty. In this context many senior leaders, to ensure their charity’s sustainability, will be considering collaboration and merger. In this webinar, in association with Bates Wells, we aim to answer questions such as: When should a charity in crisis consider merging? What are the alternatives? How can you make the best decision for your organisation? You will also hear about a new online decision-making tool which will help organisations chart the options open to them in a tight financial spot.
Normal working practices have changed dramatically in a very short period. Most staff are still working remotely, and many organisations have made use of the furlough scheme. This has meant organisations are having to manage and support staff remotely; review some existing policies to ensure they are still fit for purpose; and manage with a reduced and rotating staff capacity. In partnership with our Trusted Supplier Croner, in this webinar we will be sharing good practice on managing and supporting staff in this new environment. We will be joined by Vicky Scott, Operations and HR Manager at Hackney CVS who will share the experiences and learnings of Hackney CVS in this new context.
The economic impact of coronavirus means that many voluntary sector organisations will be going through a period of significant change over the coming months. For many of the hardest hit charities, the process of restructuring and making redundancies will sadly be inevitable. In this webinar we help organisations prepare for this context.
Entering a new phase of the Covid-19 pandemic, with the option of returning to your workplace, has legal and practical implications for all charities. Employers need to be clear about what they are required to do to ensure the health and safety of their staff and volunteers. Employers are having to consider questions such as: what reasonable adjustments should employers make for their workforce in returning to a ‘new normal?’ How can we prepare for what lies ahead? In partnership with TrustLaw, in this webinar we aim to answer these questions. We will be joined by Sarah Valentine, Senior Associate at Eversheds Sutherland and Andrew New, Head of Education at St John Ambulance.
Slides from a webinar broadcast on 15 July 2020, sharing what volunteering organisations have learned since the lockdown in March.
Watch the full recording here: https://www.youtube.com/watch?v=HyFbDAtHHQo
Slides of NCVO webinar that took place on 24 June 2020 covering:
the general health and safety obligations to staff and volunteers, the key legal and practical issues employers need to consider and where to go for further support and guidance.
Watch the webinar: https://www.youtube.com/watch?v=RDBvyTIFTIc
Slides of the NCVO webinar that took place in June 2020 covering:
1) the role of the chair and the board in supporting organisations in the next phase
2) challenges and opportunities which the easing of lockdown presents for trustees
3) tips and resources to help boards plan in a period of significant change
Watch the webinar: https://www.youtube.com/watch?v=HaPktkiCRgo
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Canadian Immigration Tracker March 2024 - Key SlidesAndrew Griffith
Highlights
Permanent Residents decrease along with percentage of TR2PR decline to 52 percent of all Permanent Residents.
March asylum claim data not issued as of May 27 (unusually late). Irregular arrivals remain very small.
Study permit applications experiencing sharp decrease as a result of announced caps over 50 percent compared to February.
Citizenship numbers remain stable.
Slide 3 has the overall numbers and change.
A process server is a authorized person for delivering legal documents, such as summons, complaints, subpoenas, and other court papers, to peoples involved in legal proceedings.
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Social investment: It's not as bad as you think (S1)
1. Social Investment: It’s not
as bad as you think
NCVO / EVOLVE 2015
The New Funding Landscape
David Floyd
Social Spider CIC
2. What I do and why I’m here
• MD of Social Spider CIC, a
small social enterprise
based in Walthamstow
• Writer and researcher on
social investment for MoJ
and Big Lottery Fund
• Project manager for
Esmee Fairbairn-funded:
Alternative Commission
on Social Investment
3. What is social investment?
‘finance provided for VCSE* organisations, which
the investors expect to both get back and to
create social impact.’
*VCSE stands for: voluntary and community organisation or
social enterprise
Source: Social Investment Explained (Big Lottery Fund)
4. Talk (a bit) like a social investor - some more
handy acronyms + terminology:
SIFIs - Social Investment Finance Intermediaries - in most cases, organisations raise funds
(primarily) from institutional investors and invest that money in charities and social enterprises.
SITR - Social Investment Tax Relief - a tax break for individuals making unsecured investments
into charities, social enterprises and social impact bonds
Institutional investors - people who invest other people’s money including our pensions
HNWI - High Net Work Individual - people who are really rich - >£1million (assets excluding
home)
The Mass Affluent - people who are quite rich - £100,000-£1million
Retail investors - any of us who have a bit of spare cash
5. 1. Why everyone’s talking about
social investment (about from the
people who aren’t)
6. Grants are hard(er) to come by
In 2003/04 grants peaked at
£6 billion, over half of all
income from government.
In 2012/13 grants made up
just 17% of income from
government (£2.2 billion).
7. There are more contracts available
In 2003/4 government
contracts were worth
£5.6 billion
By 2010/11 they’d reached
£12.3 billion
But by 2012/13 they’d
dropped to £11.1 billion
8. (In theory) growing numbers of investors are
seeking both financial and social returns
“If we can create instruments — like
social impact bonds — that can deliver
a financial return of about 7%, a high
social return and limited downside
risk, then we can meet two needs. We
can provide reasonable returns that
are uncorrelated with equity markets
and attract capital to entrepreneurs
who can develop innovative and
effective ways of improving the fabric
of our society.” - Sir Ronald Cohen and
William A. Sahlman, Harvard Business
Review, 2013
9. The UK is home to ‘the world’s first ever social
investment market builder’
“Big Society Capital is going to
encourage charities and social
enterprises to prove their business
models – and then replicate them.
Once they’ve proved that success in
one area they’ll be able – just as a
business can – to seek investment for
expansion into the wider region and
into the country.” - David Cameron, April
2012
Source: FT.Com
“The launch of Big Society Capital is
very welcome news to the social
enterprise sector. Access to
appropriate finance remains the
biggest barrier for social enterprises
keen to grow and have a greater
impact. The UK social investment
market is exciting and set to attract
capital to the sector at a time when
other sources of finance are
shrinking.” - Peter Holbrook, Social
Enterprise UK, April 2012
Source: Cabinet Office
10. The UK government has put shedloads of £ into building the
UK’s ‘Social Investment Market’
Pre-2010:
• Adventure Capital Fund - £25 million
• Futurebuilders - £150 million
• Social Enterprise Investment Fund - £110
million
• Community Builders - £70 million
Post 2010:
• £10 million Social Incubator Fund
• £10 million Investment and Contract
Readiness Fund
• £60 million Commissioning Better Outcomes
Fund (with Big Lottery)
• (At least)£400 million of unclaimed assets put
into social investment wholesaler, Big Society
Capital - with £200 million more from banks
• Social Investment Tax Relief
Figures from After The Gold Rush - the report of the Alternative Commission on Social
Investment.
Big Lottery (since 2010):
• £11.25 million to Social Finance to develop
Social Impact Bonds
• £6 million Next Steps Fund
• £8.5 million Unltd’s Big Venture Challenge
• £10 million Big Potential
11. 2. The 1st Billion? The gap
between rhetoric and reality
12. Is it £1 Billion or £1 Trillion?
“Those of us with a stake in this
market
have always believed that it has a huge
potential. From a base of just £165M
of deals in 2011, this report shows us
that demand could reach £750M in
2015, and around £1B the following
year, if current trends endure. This is
encouraging news. Now we just need
to make that demand real, and ensure
the supply of capital is there to meet
it.” - Nick O’Donohoe, CEO, Big Society
Capital - from The First Billion, Boston
Consulting Group, September 2012
“We need to capitalise on the “first
trillion” of potential global investment
money identified by the Social Impact
Investment Taskforce, launched in 2013
under the UK’s presidency of the G8. £1
trillion – that’s what it cost to deliver our
health and education systems for the last
five years. Just think what that money
could mean on the ground: how many
lives it could transform.” - Iain Duncan
Smith
Source: Daily Telegraph, March 2015
13. Social investment v
Investment into social organisations
Total value of deals in ‘Social
Investment Market’ 2011-12
£202 million
Average size: £264,000 / 90.2% secured
Total loans owed by VCS organisations -
2012/13
£3.5 billion
“Across the sector as a whole the average loan size
is under £50,000… The majority of loans outstanding
across the sector as as whole are between £20,000
and £50,000.” / 75% secured - NCVO Civil Society
Almanac 2015
14. Social investment v Grants
Unsecured finance provided by ‘Social
Investment Market’ - 2011-12
£19.8 million
Source: Growing the Social Investment Market (GHK, 2013)
Grant income of VCS organisations -
2012-13
£5.2 billion
Source: NCVO Civil Society Almanac 2015
15. Mismatches between supply and demand
What we want
“The median amount of finance sought by social
enterprise was £58,000 – below the minimum thresholds
of many specialist social investors and financiers. It can be
argued that some specialist financing structures have
fallen out of step with the actual needs of the
sector.” - The People’s Business, Social
Enterprise UK (State of Social Enterprise Survey, 2013)
49% VCSEs looking for finance sought ‘mixed-funding
product’ / 7% able to get it - Investment Readiness in the
UK - (Investment Readiness in the UK, Clearly So/NPC,
2012)
What we get
2011/12: Average investment size: £264,000 / 90.2%
secured loans - Growing the Social Investment
Market (GHK/City of London, 2013)
“Small loans are expensive. They’re expensive to
originate, they’re expensive to monitor. The default risk is
always going to be reasonably high and there’s a point at
which the rate of interest is just inconsistent with the
social mission of the enterprise” - Nick O’Donohoe, Big
Society Capital - Beanbags and Bullsh!t, 2013
16. Reasons why you definitely shouldn’t
attempt to secure social investment
• As a direct replacement for contracts, grant-
funding or donations
• To support activities that do not have a (potential)
revenue stream
• Because it seems to be the only type of funding
that’s available
17. Until recently you would have been unlikely to
be offered social investment if...
• Your org is small: turnover < £5million
• You want a small investment: < £250k
• You do not own a building
• The business activity you are seeking
investment for has no track record
18. 3. Just because you’re sceptical
doesn’t mean you should
ignore it entirely
19. Grand claims for social
investment are as yet unproven
but there are several ways that
it’s already useful...
20. If you’re bankable - Social Banks: like
banks but better
“We only lend to and invest in
organisations that benefit people and
environment. We connect savers and
investors who want to change the world
for the better with entrepreneurs and
sustainable companies doing just that.” -
Triodos
“We offer a fair rate of interest and are totally
transparent about how we use their money. In our
latest survey 99 per cent of our savers said they
would recommend us to a friend.
Our specialist knowledge and commitment to the
sector means that we have been able to provide
flexible loans to support more than 1,000 charities,
community organisations and social enterprises.” -
Charity Bank
21. Big Society Capital-backed funds /
Investment readiness support
Big investments for big organisations
• Increase in availability of unsecured
loans of > £250k - eg. SASC
• (Mostly) Equity investments in CLS
social enterprises/social businesses
from social venture funds - eg.
Nesta Impact Investments
• New approaches to buying property
for social good - eg. Real Lettings
Fund
Investment readiness to start on route to
investment
• Start-up support from Social
Incubator Fund
• Big Potential - helping organisations
to raise £50k-£500k
• ICRF - helping orgs to raise
investment or win contracts of >
£500k
22. Social Impact Bonds - for all the (many) drawbacks, an opportunity to get flexible
funding to deliver services with clear, measurable outcomes
• Payment-by-results contracts where social investors put up the money for VCSEs
to deliver services
• Commissioners pay investors based on outcomes achieved
• By August 2014 - 25 in the whole world, 15 in UK, 10 funded through a single
DWP programme
• Pros: payment for delivery, measurement of outcomes
• Cons: high costs - SPVs, wide range of subsidies, VCSEs (usually) don’t benefit
from upside
23. SITR - potential to raise relatively small scale finance from
HNWIs, mass affluent and individual retail investors
• Unsecured loans and equity deals
• Investors get 30% of their investment off their
tax bill
• No repayments for first three year
Freedom Bakery (right) raised £45,000
in SITR deal they set themselves.
24. Community Shares + Crowdfunding
Are great but I’m not going to say
much about them to avoid duplication
25. Access to the rescue - smaller, riskier finance
likely to be available soon
Access: The Foundation For Social
Investment set up to:
(a) create a pipeline of investment opportunities
for social investors
(b) placate sector leaders and organisations angry
about the irrelevance of most social investment
to most charities and social enterprises
(delate according to audience)
Blends investment from Big SocietyCapital
and grant funding Big Lottery Fund to
enable SIFIs to offer unsecured loans and
equity/equity-like investments under
£150,000
Stated aims of Access Growth Fund:
• Help more established organisations be able to
maintain and increase their social impact and their
sustainability
• Enable newer and early stage charities and social
enterprises deliver social outcomes, by providing them
with the finance they need to continue and grow
• Improve the delivery capacity of these organisations
so that they are able meet the needs of their target
group
• Share learning by being open, transparent and
collaborative around best practice to the benefit of
both users of the Growth Fund and of other funders
and bodies interested in supporting social impact.