PLUS: Sustainability ratings provider EcoVadis secures €200m investment, new fund to back SMEs addressing malnutrition in Africa, European Social Catalyst Fund launches, Brexit donor sets up £100m charitable foundation, 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.
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...
PLUS: Acumen spinout 60 Decibels raises $1.7m, G20 leaders back more innovative financing to fund SDGs, Encourage Capital raises US$40m to bring clean energy financing solutions to Indian entrepreneurs, and more.
PLUS: Generation Investment raises $1bn to invest in “sustainability revolution”, SIS Ventures makes first equity investment, North East Social Investment Fund invests £700k in employability and education, and more.
A fund aimed at improving social investment infrastructure heads up our latest briefing. Plus Big Society Capital buys more shares in Charity Bank and UK leads the way in social innovation competition.