As foundations plan to boost the UK’s emergency loan fund for social enterprises, our exclusive interview with the UK’s top impact CIO, Jeremy Rogers, reveals that mergers, as well as money, may be needed to save struggling social investors.
Social investors have long backed action on things like domestic abuse or economic inequality – so why the silence on racial injustice? Diversity Forum co-chair Amir Rizwan on how they can start to put their money where their mouths are.
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.
Despite its low uptake, social enterprise and investment bodies are fighting to retain Social Investment Tax Relief – with uncertainty around its future already affecting businesses in north-west England.
Big Society Trust is pressing ahead with independent review of UK social investment wholesaler Big Society Capital's effectiveness, cost-effectiveness and process in spite of concerns about lack of responses during coronavirus crisis.
UK high street banks have been called upon to support emergency loan fund for social ventures, while social investors promise three-week turnaround and regular reviews to adapt and improve the fund where needed.
A £25m recovery fund, £29m in emergency loans and £50m more as Big Society Capital pledges to "reprioritise and repurpose" existing and future investments – while charities get a long-awaited promise of funding from government.