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.
STREETS OF AMSTERDAM: Entrepreneur Marius Smit was among the first to convince corporations to pay for the pleasure of picking up trash. Ten years on, his social enterprise Plastic Whale is making waves worldwide.
PLUS: Pioneering revenue-based fund launches in Scotland; Back Market raises $335m in “bullish” circular economy market; AU$8m boost for Queensland social enterprises; Dutch trio backs “truly disruptive” AI firm Envision – and more.
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.
Helping firms switch to a purpose-led model, teaching social entrepreneurship to schoolkids and joining an ambitious, 80-strong partnership: how the city government's Amsterdam Impact is teaming up to help the transition to a new economy.
How can a city help transform the economy? Amsterdam Impact shares six ways it’s placing the metropolis firmly on the impact map. First up: why markets matter, and some practical steps to connect social businesses with potential buyers.
PLUS: Resonance makes raft of SITR investments ahead of crunch time for relief scheme; first impact fund for French investment firm Founders Future; Dutch social impact bond repays investors; new Conduit EIS Impact Fund; and more.
Our new Cities of Impact series, in partnership with Amsterdam Impact, explores how a city can not only nurture social entrepreneurship, but also contribute to a much more ambitious goal: transforming the whole economy.