Big Society Capital committed £90m in 2018

Big Society Capital has released its latest annual review of 2018, underlining two trends for working with traditional lenders to fund social programmes and the developing requirements to measure impact successfully.

The report reveals £90m of new commitments were made over the year, and alongside other investors, the organisation has also made £1.7bn available for social enterprises and charities.

Cliff Prior, CEO of Big Society Capital, commented: “Throughout 2018, we accelerated our efforts to create change in our three key themes of homes, places, and early action, whilst also developing a strong pipeline of investments. We also began work on our impact measurement and management approach, which is aligned with the vision and strategy of key partners. We intend to capture the impact on communities, social enterprises and charities, as well as the impact of supporting stakeholders to work together more effectively.”

The year created a financial loss of £6.5m, which Prior describes as “typical of an early stage portfolio” and maintains the aim of generating positive financial returns in the longer run.

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