1. Supporting the social investment
market in England
Matthew Roche
Head of Funding
22 November 2012

2. About BIG
• Mission
– To bring real improvements to communities
and lives of people most in need
• 2011-12
– Over 23,500 applications
– Over 12,000 awards
– £768.8m awarded
• The story in England

3. Story so far
• World’s first social impact bond (SIB)
• Interim Investment Committee
• Next Steps: Supporting social investment
in England

4. Next Steps
• Golden Lane Housing
– development of a property fund to provide
specialist housing to those with learning
difficulties
• Cool2Care
– creation of a ‘mini-SIB’ to extend a service to
match personal assistants with children with
disabilities

5. Our Approach
• Overarching goal
– catalytic role in developing the social
investment marketplace in England
• Why?
– more sustainability for VCSE organisations
– new sources of finance – so grant funding can
be targeted at those who need it most

6. Our Priorities
• Investment readiness developmental fund
• Co-commissioning fund
Both funds launching 2013
• Social Incubator Fund – OCS funded
– January 2013 – First awards announced
– Spring 2013 – Briefing sessions for round two

7. Further information
Website
www.biglotteryfund.org.uk
Email
socialinvestment@biglotteryfund.org.uk