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Big Society Capital

Big Society Capital. cdfa Conference Money For Change Liverpool – 7th September 2011. Role of BSC. BSC will invest in Social Investment Finance Institution. Roles of BSC. Social Investment Champion Market champion: With the public To stakeholders To investors. Wholesale Investor

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Big Society Capital

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  1. Big Society Capital cdfa Conference Money For Change Liverpool–7thSeptember 2011 UNCLASSIFIED

  2. Role of BSC BSC will invest in Social Investment Finance Institution Roles of BSC • Social Investment Champion • Market champion: • With the public • To stakeholders • To investors • Wholesale Investor • Long term capital to support: • Intermediaries • Market infrastructure • Not a grant-making institution Operating Principles Independence Transparency Wholesaler Self Sufficiency UNCLASSIFIED

  3. Social Investment Finance Intermediaries Organisations who intermediate between those interested in investing for social impact and the organisations that need investment to achieve positive change • Provide, facilitate or structure investments to/for organisations that have a primary objective of achieving a positive social impact. • And/or provide business support to organisations that have a primary social objective UNCLASSIFIED

  4. Where we are • Fully set up operating company. • State Aid approval. • Finalise agreement with the Merlin Banks. • FSA authorisation. • Cabinet Office directive to release Dormant Funds to BSC. • Handover of Investment Committee Big Society Investment Fund (BSIF) investment portfolio to BSC. • Expected launch is Q1 2012 UNCLASSIFIED

  5. Market Failures BSC will be looking tohelp build a fully functioning market by focussing on the following market failures: • Capitalisation and Balance Sheet Growth • Risk and Working Capital • Sustainability and Operational Growth • Market mechanisms and infrastructure • Advice, skills and information UNCLASSIFIED

  6. Eligibility Criteria BSC will be looking to make a wide regional spread of investments which will be screened against the following criteria: • Qualified Intermediary • Market failures • Robust investment proposition • Social Impact • Game Changing/Innovation • State Aid exemptions UNCLASSIFIED

  7. Big Society • Localism through community assets use, transfer and ownership • Opening Up Public Sector Markets through social impact bonds and CDFIs • Social Action through Volunteering UNCLASSIFIED

  8. Measuring Success and Impact Social Capital Invested Diverse Intermediaries Product Innovation Investor Participation Market Infrastructure • Multiples of BSC assets supporting social investments • Broader, more specialised, better capitalised and sustainable financial intermediaries • Greater issuance and a broader range of financial instruments across the asset class • Mainstream investment by a broad spectrum of individual and institutional investors • Multiple venues, networks, data and measurement systems • International recognition as the role model  in social finance International Leadership UNCLASSIFIED

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