Social investment and the Big Society Bank

Social Investment

In early 2011 the Cabinet Office released its strategy for growing the social investment market in the UK.

Cabinet Office 'Growing the Social Investment Market: A Vision and Strategy'pdf icon

 

Big Society Bank

The aim of the Big Society Bank is to catalyse the growth of the social investment market, making it easier for social ventures to access finance and advice.

The Big Society Bank will be funded with money released through the dormant accounts scheme, and with capital from a number of UK banks.

The Bank will be a wholesale organisation, investing in financial intermediaries in the social investment market, who in turn will increase access to finance for frontline, social organsations.

In May 2011 the Cabinet Office announced that the Big Lottery Fund will establish an Investment Committee, comprising of experts in social and financial investment, to support social investment organisations and start making investments.

Big Society Bank outline proposalpdf icon

NAVCA have issued a simple glossary to help small charities and community organisations understand the Big Society Bank. This can be found here.

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