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: $100m MacArthur grant to end homelessness; Dutch VC fund backs digital-only fashion house; ImpactAssets custom investments surge; new pooled fund for southeast Asia; Resonance's launchpad loan for mums' mental health; and more.
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.
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.
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.
Scotland’s first social enterprise letting agency signs largest deal to date from Social Enterprise Investment Fund II, allowing Impact Ventures UK to exit three years ahead of plan.
Zamo Capital – the new company backed by Big Society Capital to scale up social investors – confirms its first deal, which will help Social and Sustainable Capital expand its team and raise more capital for its housing fund.
