PLUS: Scotland’s £30m Third Sector Growth Fund; Ford Foundation seeds Black Feminist Fund with £15m; Big Issue Invest backs Sport England; Neighbourly raises £3m; National Academy for Social Prescribing funds 37 projects; and more.
PLUS: A first crowdfunded impact bond Israel and a new ‘career impact bond’ for American students; MacArthur Foundation’s catalytic capital investment; new climate fund from Aberdeen Standard and Big Issue Group, and more.
SOCAP Virtual: How a new type of ‘pay-for-success’ deal is giving job-seekers the skills to fill vacant positions – and proving an attractive proposition for impact investors and training providers alike.
Public sector organisations are keen to support social investment – and in many cases are already playing a wider role than commonly perceived. But misunderstandings and internal blockages can still create headaches.
“Unprecedented times call for extraordinary solutions,” says US grantmaking giant, announcing $1bn social bond sale to fund a massive, anti Covid-19 grantmaking programme.
‘Father of impact investing’ argues pay-for-success model could deliver huge cost savings, while incentivising the rapid, entrepreneurial innovation needed to develop successful tests.
PLUS: Vital Capital creates emergency debt facility for Africa businesses, Cadent Foundation launches, Oddbox secures £3m for nationwide expansion, and Brazilian startup makes ‘sensational’ exit.
PLUS: BNP Paribas and European Investment Fund create €10m impact bond fund, SIS Ventures' second fundraise, US foundations back affordable food business Everytable, Dutch firm Tony’s Chocolonely secures new investment, and more.
Plus: Bridges raises £35m for second social outcomes fund, Palladium's first impact fund targets $40m for African small businesses, Scotland's first community-owned school building and impactful chocolate in Indonesia...
