International Advisory Services Supporting a more social global economy

Transcription

1 International Advisory Services Supporting a more social global economy

2 Contents Who we are 2 Our leadership team 3 Our international offer 5 Our process 7 Creating investment readiness programmes 9 Over 35m of investment readiness funds 11 Helping you structure impact investment funds 13 Specialist fund modelling expertise 15 Our international experience

3 Who we are The Social Investment Business is one of the leading social investors in the UK and has been a pioneer in the industry. We have disbursed 380m in loans and grants to over 1,100 charities and social enterprises since The UK social investment market is leading the way in providing new solutions to financing innovative ways to improve the lives of those living around them. The UK social investment industry will be worth up to 1bn in 2016 according to Boston Consulting Group (The First Billion, Big Society Capital 2012). We specialise in developing fund models designed specifically to develop an investment ready pipeline of charities and social enterprises, helping create new impact investment funds and bringing in investors new to this market. Ultimately, we want to play our role to support a more social global economy. 2

4 Our leadership team Sir Stephen Bubb, Chair Sir Stephen is CEO of ACEVO, the charity leaders network and is EUCLID Secretary General. He is on the Commonwealth Civil Society Committee, has been at Heads of Government meetings in Trinidad and Tobago, Uganda and Australia and spoken to Parliament in Sweden, the Government of British Columbia, China, Philippines and Australia on social investment. Jonathan Jenkins, CEO Former UnLtd Director and investment banker, Jonathan was part of the UK s G8 Social Investment Taskforce and has spoken about impact investment and investment readiness at various international conferences from the United States to Singapore. In 2013 Jonathan was part of an international trade and investment mission to Washington DC to explore ways to develop the UK social investment market. 3 Seb Elsworth, Deputy CEO/Director of Partnerships and Communications Prior to SIB, Seb was Director of Strategy at ACEVO, the charity leaders network. Seb has spoken at numerous international conferences on impact investment including SOCAP in San Francisco in September 2014, the Social Business International Conference in Helsinki in April 2014, and the CAIA Impact Investment summit in Frankfurt in June 2013.

5 Vinay Nair, Director of Business Development Previously Head of International Business Development for leading global social impact investor, Acumen, Vinay has also worked for the Clinton Foundation HIV/AIDS Initiative in Mozambique. There he co-led the successful application for $175 million from the Global Fund to Fight AIDS, Tuberculosis and Malaria. Vinay also worked for ten years as an Executive Director of JP Morgan. Caroline Forster, Director of Investments Prior to joining SIB Caroline worked on investment and funding in a number of different organisations and environments including NESTA, local government and higher education. Caroline has spoken at conferences in South Korea and has worked with a number of international delegations to help them understand social investment. Natalie Pinon, Director of Impact Joined from the Charities Aid Foundation, where she managed the foundation s global philanthropy advisory practice working with philanthropists and social investors to help them achieve their social impact objectives. Natalie began her career in financial services before moving to the international development field, where she worked for the United Nations Secretary General s office. 4

6 Our international offer 5

7 We think it s important to share our experience and insight to help shape the future of social investment in the UK and across the world. We have been at the forefront of impact investment since 2002 and specialise in modelling and running investment readiness and impact investment funds for charities and social enterprises. Our leadership team have been sought to speak at key social investment events in Europe, Asia and the US as thought leaders in this space. Our offer to you To scope the opportunity to establish an investment readiness fund programme(s) in your country / region and harness our learning to help shape global best practice. To structure impact investment funds that have the potential to attract private and public sector investment. To speak at conferences, providing unique insight and experience. To host international study delegations, linking you up with a range of social enterprises that have taken on impact investment. To participate in international trade missions. 6

8 Our process

9 1. Scoping: Evaluating the opportunity to use new models to create impact around the world Understand the existing ecosystem in a country / region for social enterprise Evaluate the enabling environment in order to understand the stage and development of the investor marketplace Outline a straw man structure for a localised investment readiness programme Identify key local or international impact investment fund partners for fund management 2. Set-up: Launching and establishing a new investment readiness programme or impact investment fund structure Partner on raising the finance to back the fund Structure fund model and operating costs Establish the rules of engagement and governance structures Create application forms, processes, guidance documents, FAQs, management policies etc. from template documents Launch, publicity and outreach Roll out pilot phase 3. Support: Stakeholder management and global thought leadership creating social impact Support Fund Manager -- Running investment committee(s) / panel(s) to assess deals -- Dissemination of minutes and key information -- Funder(s) and stakeholder engagement -- Appropriate data capture and analysis, and monitoring and evaluation Thought leadership -- Share lessons SIB continues to learn through work -- Gather global lessons for thought leadership on how to most effectively enable impact 8

10 Creating investment readiness programmes 9

11 What are they? Investment readiness programmes help social enterprises and charities acquire the skills and knowledge they need to raise external investment. By providing grant funding to purchase specialist support, organisations are not only able to grow and develop but also able to access the social investment market. How can we help you? 1. Scoping with funders, fund managers and social investors. 2. Set up establish an investment readiness support programme(s) to achieve your philanthropic objectives. 3. Support ongoing support once a programme has been established. 4. Strategise suggest alternative programmes including impact readiness. If you want to explore how grants and philanthropy can be used to leverage many multiples of social impact investment, please contact us to discuss further. Interested in setting up an investment readiness programme in your country? Get in touch with us at or enquiries@sibgroup.org.uk 10

12 Over 35m of investment readiness funds 11

13 Investment and Contract Readiness Fund This world-leading business support fund, funded by the UK Government s Cabinet Office and managed and modelled by us, has helped over 50 charities and social enterprises win investments and contracts worth over 115 million from grants worth just 4.5 million to date. BIG Potential Breakthrough BIG Potential Breakthrough, a BIG Lottery Fund grant fund, will deliver approximately 10m of grant funding over 3 years to eligible charities and social enterprises with the aim of improving the sustainability, capacity and scale of charities and social enterprises in order that they may deliver greater social impact. BIG Potential Advanced Launched in 2015 this 10m fund is an expansion of BIG Potential Breakthrough. It will see a new Advanced route added to the programme, supporting organisations at a more advanced stage in their social investment journey, looking to raise larger investments of over 500,000 as well as win contracts over 1m. Impact Readiness Fund This 1.5 million pilot fund, managed by us for the Cabinet Office, offers grants and support to social ventures to understand and improve their social impact and demonstrate improvements to investors and commissioners. 12

14 Helping you structure impact investment funds 13

15 What is it? Social impact investment is about directing traditional financial resources towards positive social change. We have over 12 years experience of creating new funds that match the interests of different investors with the needs of the most impactful frontline social enterprises. What is our experience? We have created regional funds, such as our Liverpool City Region Impact Fund, catalytic first loss funds, such as the Third Sector Loan Fund, mixed grant and loan funds, such as the Communitybuilders Fund, and thematic or sector focused funds, such as the Social Enterprise Investment Fund for health and social care organisations. We work with a broad range of public, private and third sector investors. How can we help you? 1. Engage working with investors, delivery partners, communities and the media. 2. Policy and advocacy influencing and working with the public sector. 3. Fund structuring taking an idea for a fund from concept through delivery to create impact. 4. Monitoring and evaluation offering ongoing support after a fund has been set up. If you are exploring the creation of a new social impact investment fund... Get in touch with us at or enquiries@sibgroup.org.uk 14

16 Specialist fund modelling expertise 15

17 Local Impact Fund Liverpool In January 2014, we launched the UK s first Local Impact Fund in Liverpool, piloting an innovative financial product which has the potential to channel millions to charities and social enterprises that meet local needs throughout England. The 2 million Liverpool City Region Impact Fund will offer business support and simple finance to local charities and social enterprises. The Fund offers unsecured loans of up to 250,000, to help organisations grow and scale the impact they make in their communities. The Fund is financed by 1 million from the SIB Foundation, and 1 million from the European Regional Development Fund s programme; one of the first examples of leveraging EU money for an impact investment fund for charities and social enterprises. Third Sector Loan Fund Our partner Social and Sustainable Capital launched this innovative 30 million fund in It is pioneering a model designed to encourage banks and other mainstream institutions to invest in funds which finance charities and social enterprises. Santander has committed 13.5 million along with 15 million from Big Society Capital, and a 1.5 million repayable grant from us. It is the UK s largest social investment fund investing in a wide range of charities and social enterprises across all social sectors, and will make loans of 250,000 to 3 million, both secured and unsecured. We and SASC now plan to develop similar funds, working with philanthropic funders such as trusts and foundations, corporate CSR programmes, and wealthy individuals, who are interested in using their money as catalytic capital to stimulate multiples of investment for the causes they care about. Social and Sustainable Capital LLP is authorised and regulated by the Financial Conduct Authority (FCA number ). Investment into social enterprises can play an important role in our long-term economic plan as well as in addressing the toughest social issues. I congratulate Santander, Big Society Capital and the Social Investment Business in developing the Third Sector Loan Fund, managed by Social and Sustainable Capital, and would hope to see other High Street banks following their lead. 16 The Chancellor of the Exchequer, Nov. 2014

18 Our investment international readiness experience funds Our experience and expertise in setting up investment readiness and impact investment programmes has seen us increasingly work at an international level. Countries across the world are trying to find the best way to tackle the most challenging social problems, whilst simultaneously creating jobs and sustainable growth; we have a unique level of insight into the most effective ways to deliver against such objectives. Highlighted areas are where we have provided impact investment advice and support. 17

19 The social investment market is young but developing quickly in the UK. We are learning everyday what works and what doesn t for the charity and social enterprise sector but our focus always remains on what investment solutions are relevant to front line organisations. As part of a vibrant, growing, global social economy, we want to share our learning to help shape and establish global best practice. Jonathan Jenkins, CEO, Social Investment Business 18

20 }call us on visit Find out more 1st Floor, Derbyshire House, St Chad s Street, London, WC1H 8AG We are a leading and/or founding member of UK & international sector bodies: