Sustainable Thinking Scotland secures £190,000 loan to finance biochar technology as part of flexible repayment model – days after Scottish social ventures are criticised for a lack of commitment to net zero.
A £30m budget to tackle homelessness may sound tiny, but the social investment pilot is already leveraging millions more in investment. We unpick the details of a complex collection of funds – and find out what they hope to achieve.
PLUS: Africa's first social bonds; first Women's Livelihood Bond matures; $58m fund to help farmers adapt to climate change; Bridges sells majority stake in World of Books, and more – all the deals you need to know about this month.
Locavore’s goal is to make grocery shopping more affordable for shoppers and beneficial to the local economy. The social enterprise supermarket is the latest business to receive support from Social Investment Scotland in the last few months.
Investors serious about long-term impact should do more to strengthen the social and environmental systems they rely on for their returns. How? Through catalytic investments, building the field – and sometimes, starting small.
Nick Hurd, Ronald Cohen and Elizabeth Corley are joined by Douglas L Peterson of S&P Global in new Impact Taskforce which aims to emulate “rocket booster” effect of UK’s last G7 presidency on impact investment worldwide.
PLUS: ABN AMRO’s sustainable impact fund; UK’s £30m social investment pilot for housing; investor coalition supports ‘just transition’; NESsT gets grant to support impact enterprises in the Amazon region, and more.
Do investors care about impact? Often, no: they're more focused on the warm fuzzy feeling of 'doing good'. But some are accepting moderate returns for more impact, and they're crucial to the growth of early-stage social enterprise.