Hey Big spender: Big Society Capital’s first year in figures
At an event to mark the first birthday of Big Society Capital last night, the “social investment wholesaler” launched its first annual report. Pioneers Post picks out the key figures – from investments made to directors’ pay.
In its first annual report Big Society Capital made a serious commitment to transparency, stating:
“We are committed to producing details of the financial and social impact of our investments. We act as a champion for sharing information and expertise across the social investment sector.”
- In 2012 the company received a total of £119.4m from The Reclaim Fund and banks.
- Of that total £56.6m was committed to social investments.
- £19.4m of the commited sum made it out of the money pot as signed investments and a total of 15 investments were made.
- After just one year of activity the investment gains for 2012 have climbed to £685,691.
- Mapping the progress of the Social Impact Bond, the report flags up that at the beginning of 2012 only one Social Impact Bond had been successfully launched. Today 14 Social Impact Bonds have been closed and funded.
- The male to female ratio for the board of Big Society Trust Directors is 6:1.
- There are 17 men on the advisory board and 3 women.
- Of the BSC directors 4 are women and 6 are men.
- The highest paid director earned £142,105 in 2012 and received a pension contribution of £15,400