We have submitted our response to the White Paper Consultation based on the discussion held at the “Planning for the Future - what does this mean for affordable housing” webinar we held on Fri 9 Oct
So what is social investment and is it really relevant to charities especially those that do not have millions of pounds turnover?
Social investment can take many forms, examples of which are:
- loans – interest-free/paid back with interest;
- an investment in exchange for shares in your organisation;
- social impact bonds; and
- yes, it can be reward-based crowdfunding.
It can also include a blended mix of these examples. However, at its heart, social investment is the provision of money where the “investors” are usually looking for a financial return plus they want to see a positive social change take place as a result of their investment.
Social investment can be a creative way of making money available to a charity. It can also recycle money – invested in one charity, used, returned to the investor and then invested in a different charity.
Big Society Capital launched the GET INFORMED campaign to help trustees and board members understand the opportunities and risks of social investment. Given that trustees are volunteers, having the time and skills can be a constant barrier when trying to embrace new financial opportunities.
The campaign offers practical support, guidance and information, but most importantly, it shares peer learning through the ‘faces’ of the campaign. These 'faces' are all trustees or non-executive directors who are featured in a number of short videos designed to be shared with fellow trustees or at board meetings.
GET INFORMED offers 100 ‘financial/investment expertise’ mentors to board members in order to build board skills on social investment. The mentoring programme provides at least eight hours of one-to-one knowledge sharing, experience and informal advice over a six to twelve month period. Board members will be matched with someone who has a good knowledge of social investment and understands the roles and responsibilities of charity trustees and social enterprise board directors.
This article was written in partnership with Melanie Mills from Big Society Capital.
For more information about the GET INFORMED campaign, including information about being mentored, you can access the free resources here. Or for more information about social investment generally, visit the newly launched Good Finance website, created by social enterprises and charities for social enterprises and charities.
Anthony Collins Solicitors is pleased to have been ranked as a Band 1 firm once again.
Since March 2020, commercial property owners and occupiers across many sectors, whether housing associations, charities, care providers or local authorities, have been impacted by the rules regulating how they deal with their tenants and their landlords. It seems each week there is a change in policy, regulation or legislation, governing how they must respond.
A key element of the Bill is the establishment of a duty holder regime and requirement to maintain the ‘golden thread of information’ throughout the life cycle of high-risk residential buildings
We have been working with care homes to update their contracts and advise on the risks of charging the resident a regular “top-up” or additional fee where a resident is funded through NHS CHC
The parliamentary processes are complete and the Restriction of Public Exit Payments Regulations 2020 (“the Regulations”) which cap exit payments in the public sector at £95,000 will be in force from 4 November.
As the UK’s social housing sector recovers from the initial Covid-19 outbreak and lockdown, now is the time to focus on the challenges that may emerge next.
There is no universal approach to regenerating town centres. However, housing must be considered a key part of any regeneration project – providing well-needed new homes and economic growth.
Friday 16 October marks the 6th annual Wear Red Day in England, Wales and Scotland. Wear Red Day is the brainchild of the charity; Show Racism the Red Card (SRTRC). SRTRC aims to educate young people so they are equipped to recognise and challenge stereotypes, misconceptions and negative attitudes towards race.
Alongside the Building Safety Bill published in July 2020, the Fire Safety Bill is a key step in the Government’s strategy to improve building and fire safety in the wake of the Grenfell Tower tragedy
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