Social enterprises, charities and fund managers can get up to £30,000 plus in-kind support to develop new impact investment ideas with the potential to “transform lives”. Apply by 1 March.
How do you distribute £800m – announced recently as part of the planned expansion of the UK's Dormant Assets Scheme – for maximum social impact? Nick Temple, CEO of the Social Investment Business, has three suggestions.
Social enterprise leaders welcome new funds but warn that rolling out £800m Dormant Assets Scheme without careful planning would be a “massive mistake” – while shadow charities minister says policy is “scraping the barrel”.
PLUS: New impact firm Engine No. 1 to ‘harness capitalism for positive change’; Turner Impact Capital closes $350m workforce housing fund; IIX launches $27m bond to help women rebuild livelihoods, December impact reports; and more.
Amount raised is at lower end of previous estimates, but Big Society Capital “very pleased” with early demand given lockdown challenges of building trust with investors.
The Women in Safe Homes fund, from UK impact investment firm Resonance and real estate manager Patron Capital, aims to buy 650 homes and lease them to charities helping women at risk of homelessness.
New homelessness property fund from UK impact investing firm Resonance scales up ambitions almost four-fold compared to its predecessor – and marks a first in attracting a pension fund investor.
PLUS: Blue Impact Fund first of its kind in UK; Germany's EIF-backed social innovation fund; Bain Capital raises $800m for second impact investing fund; Los Angeles' Everytable raises $16m in Series B round; and more.
The UK’s social investment wholesaler will initially focus on housing, debt and outcomes funds in a £100m raise for the publicly listed investment trust.
