England social enterprises can get grants of up to £100,000 to help them “get back on their feet”, under Lottery-funded scheme first set up in 2020, and once again delivered by Big Issue Invest, Key Fund, Resonance, SSE and UnLtd.
Independent review finds the social investor, which provides a mix of grants and loans to small charities and social enterprises in the UK, has had a major impact – but both its large legacy and its small team are under pressure.
Participatory funding puts decisions into the hands of those most affected by the money. It's a massive shift – but one that could make philanthropy and impact investing more open, transparent and community-driven.
Community business trust to continue beyond planned closure date of 2022 due to Covid-19, but with a smaller team, fewer direct grants and more partnerships – and needs to raise a further £10m to implement its next five-year strategy.
Bite-sized stories this week – featuring a Middle East opportunity for wellbeing-focused enterprises, scale-up support for those helping people with complex needs, royal accolades for social enterprise leaders, and more.
Some claim Big Society Capital’s current form – and its implications on the cost of finance – is actually holding back social investment. But, while lending all its money cheaply may be tempting, it would be a serious mistake, writes CEO Cliff Prior.