Social Investment Business News

There is a £1bn gap in funding for social investment,  says the Cabinet Office, which last week held a roundtable meeting to discuss barriers to social investment.

Read more @ Civil Society

Source tells Third Sector administrative mistakes led to double award for the Citizenship Foundation; Office for Civil Society says 'due process' was followed

Read More @ Third Sector

ConsortiCo has agreed with the Social Investment Business that its loan repayments will be written off, but hasn't ruled out trying again in future

Read More @ Third Sector

The money will help three larger groups assist smaller organisations that want to use Right to Bid, Right to Build and Right to Challenge provisions

Read More @ Third Sector

Responding to yesterday’s Budget, a group of leading social economy organisations have welcomed the Government’s commitment to review the finance barriers facing social enterprises. The organisations, including Social Enterprise UK, the Social Investment Business and Big Issue Invest, are calling for it to be an independently chaired review to ensure it will bring about real change.

Read More @ Charity Times

Social enterprise bodies are disappointed that their proposals for reform of tax relief in the Budget have been 'watered down'

Read More @ Third Sector

The Social Investment Business (SIB) has been awarded a new Government contract to manage a £10 million fund that can help social ventures prepare themselves to raise additional social investment and/or to run public services. The Investment and Contract Readiness (ICR) Fund will be fully launched by the end of April 2012, and will focus on supporting social ventures that have the potential for high growth and delivering positive social impact.

Read More @ Charity Times

Investing for Good, the social investment outfit that is behind the Scope charity bond, is to pursue a merger with the Social Investment Business after a proposed merger with Charity Bank fell through.

Read more @ Civil Society

Social Investment Business survey says that less then 4 per cent want more than £1m

Read More @ Third Sector

Over £9 million has been awarded in the first window the Social Action Fund which is managed by The Social Investment Business on behalf of the Cabinet Office. Sixteen social action projects in England have had grants ranging from £100,000 to £2 million from the Fund to provide teaching support, increase citizenship awareness, improve green spaces in cities, and provide services to homeless people, disadvantaged young people and local communities.

Read More @ Charity Times