1. Big Society Capital
Update
Nick O’Donohoe – November 2012

2. Big Society Capital – Building the Social Investment market
HSBC
Dormant Barclays
Accounts Lloyds TSB
RBS
£600m capital
Big
Society
Capital
Investors seeking to Social Social Enterprises
create a positive social Investment requiring capital to allow
impact beyond financial Finance the organisation to grow
return. Intermediaries to scale.
Operating Principles
Independent Transparent Wholesale Self-sufficient

3. What is an Intermediary?
Investor Investor Investor Investor
Who is an intermediary? What does an intermediary do?
• Investment Readiness Providers • Select investments
• Social Funds Intermediary • Monitor social and financial performance
• Social Lenders/Banks • Diversify risk
• Social Impact Partnerships • Raise capital for future investments
• Market Infrastructure
Frontline Frontline Frontline Frontline

4. 2011 Social Investment Finance Intermediaries
Investment Readiness
Social Funds
Social Enterprise funds
Specialised funds
Social Lenders
Social Impact
Partnerships

5. 2012 Social Investment Finance Intermediaries
Social
Investment Readiness Incubator
Fund
Social Funds
Social Enterprise funds
Specialised funds Results
Fund
Social Investment
Social Lenders Market CIC
Social Impact
Partnerships

6. Big Society Capital: examples of commitments to address
social issues
Issue Approach Product Intermediaries Front Line
Funding Social Sector Triodos New Horizons Greater Merseyside
Organisations for Social Impact Connections
NEET ThinkForward Social Impact
Payment by Results Bond / Private Equity Foundation Tomorrow’s People
contracts
Long Term Franchising Works
Business franchises Loan Fund Licence Fund Franchisees
Unemployment
Ageing Well, Charity Bond, Investing for Good Scope
Capital raising to
Health Care Social Enterprise
develop services Nesta Impact Investment Fund
& Disability Fund Investing Fund investees
Investment in PURE Community
Community affordable housing Community Generation Fund
Organisations
Specialist Funds including Community
Cohesion and community Community Land & Finance Land Trust
energy generation

7. Big Society Capital: examples of strategic social fund
and infrastructure commitments
Fund Description
Fund to provide finance for social sector organisations competing for
Results Fund Government payment by results contracts (including through social
impact bond structures)
Cross sector impact investing fund managed by LGT Venture
Impact Ventures UK Fund Philanthropy in association with Berenberg Bank, providing growth
capital to social enterprises in the UK
Infrastructure Description
Clearly So Equity investment in key social investment market infrastructure
Social Stock Exchange Equity investment to support a regulated investment platform

8. Social Investment Opportunity
- BSC represents a significant pool of money
available to be invested
- Enabling policy environment
- Change in society’s attitude towards how
individuals and organisations spend and invest
Opportunity for social entrepreneurs who
want to grow and scale their social impact

9. Are you seeking Social Investment?
Social Sector Organisation Social Finance Intermediary
Directory of Intermediaries Online Expression of Interest
www.bigsocietycapital.com www.bigsocietycapital.com