Social Investment Business
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Social Investment Business (SIB) is a UK registered charity and trading company that offers loans, grants and other financial products to charities and social enterprises. SIB manages one of the largest
social investment Socially responsible investing (SRI), social investment, sustainable socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social/environmental good to bring about soci ...
portfolios in the UK. Its foundation pioneered community investment in the UK and, to date, has leveraged over £30 million from corporate and public sector organisations. In 2016,
Hazel Blears Hazel Anne Blears (born 14 May 1956) is a former British Labour Party politician, who served as the Member of Parliament (MP) for Salford and Eccles, previously Salford, from 1997 to 2015. One of 101 female Labour MPs elected at the 1997 gen ...
was appointed as the new Chair of SIB, replacing Sir
Stephen Bubb Sir Stephen John Limrick Bubb JP FRSA (born 5 November 1952DebrettsSir Stephen Bubb, JP/ref>) is Director of Charity Futures, and the Acting Director of the Oxford Institute of Charity. He was Chief Executive of the UK charity leaders representa ...
.


Activities

SIB has over 13 years of experience in social investment and has played an important role in helping develop the social investment market in the UK. Since 2002, SIB has supported over 1,200 social sector organisations across England, and has disbursed over £390 million in grants and loans. SIB is a market leader in developing and implementing investment readiness programmes, having first designed and delivered the 14 million ‘Investment and Contract Readiness Fund’ (ICRF) for the UK
Cabinet Office The Cabinet Office is a department of His Majesty's Government responsible for supporting the prime minister and Cabinet. It is composed of various units that support Cabinet committees and which co-ordinate the delivery of government objecti ...
from 2012-15. To date, the fund helped raise over £230 million in deals (investment and contracts). More recently, SIB has managed and delivered Big Potential,
Big Lottery Fund The National Lottery Community Fund, legally named the Big Lottery Fund, is a non-departmental public body responsible for distributing funds raised by the National Lottery for "good causes". Since 2004 it has awarded over £9 billion to ...
’s £20m fund aimed at improving the sustainability, capacity and scale of voluntary, community and social enterprise (VCSE) organisations and the £1.9 million ‘Impact Readiness Fund’. SIB has also shared data on the performance of its investees, producing its own analysis and thought leadership reports as well as conducting external evaluations. SIB integrates data collection and analysis into all of its funds, as evidenced by the evaluations and data packs made publicly available on the performance of the Investment and Contract Readiness Fund,
Futurebuilders England Futurebuilders England was a social investment fund in the UK. The fund was invested in third sector organisations delivering public services to improve their financial and strategic capability. Background Government responsibility for Futurebui ...
Fund and their participation in the EngagedX analysis ‘Social Investment through a data lens’


History

SIB was originally formed from the Adventure Capital Fund (ACF), a demonstration project with £3.3m Home Office investment to support community enterprises with loans, grants and support. After obtaining charitable status and taking on the management of several high profile funds the Social Investment Business Group was formed in 2009. *2002 The Adventure Capital Fund (ACF) is launched. *2003 The first investment from the ACF is made – in Action for Business Bradford (£300,000). *2006 ACF becomes a registered charity in its own right – the Adventure Capital Fund. *2007 Moss Side and Hulme Community Development Trust are the first organisation to repay an ACF loan in full. *2008 ACF starts managing the Futurebuilders Fund. Futurebuilders had originally been set up in 2004 by the Cabinet Office as a £125m investment fund to help third sector organisations in England bid for, win and deliver public service contracts. *2009 The £100m Social Enterprise Investment Fund is launched. It is managed on behalf of the
UK Department of Health The Department of Health and Social Care (DHSC) is a department of His Majesty's Government responsible for government policy on health and adult social care matters in England, along with a few elements of the same matters which are not otherwi ...
to enhance the role of social enterprise in the provision of health and social care. *2009 The £70m Communitybuilders Fund is launched. ACF led a consortium to manage the fund on behalf of the
Department for Communities and Local Government The Department for Levelling Up, Housing and Communities (DLUHC), formerly the Ministry for Housing, Communities and Local Government (MHCLG), is a department of His Majesty's Government responsible for housing, communities, local government ...
. The fund supported neighbourhood-based, community-led organisations to become more sustainable through a mixture of loans, grants and business support. *2009 The Social Investment Business Group is created. The group consisted of parent charity, the ACF, and fund manager social enterprise, the Social Investment Business. *2011 The Communitybuilders Fund is transferred to the group as a permanent endowment that could continue to support local community projects. *2012 Social Investment Business Group celebrates its tenth year of social investing. *2012 The three year Investment and Contract Readiness Fund is launched. Funded by the Cabinet Office, SIB manage this programme to help charities and social enterprises raise investment or win contracts. *2013 Launch of partnership with Social and Sustainable Capital, an FCA regulated Fund Manager. *2014 ACF is renamed the Social Investment Business Foundation. *2014 The Big Potential fund is launched. SIB manage this Big Lottery funded investment readiness programme that aims to improve the sustainability, capacity and scale of charities and social enterprises so they can deliver greater social impact *2014 SIB wins a Charity Times award in the 'Social Investment Initiative' category. *2016 Hazel Blears appointed the new chair of the group.


Funds Managed

* Investment and Contract Readiness Fund (ICRF) * Impact Readiness Fund * Big Potential * Liverpool City Region Impact Fund * Futurebuilders England *
Social Enterprise Investment Fund The Social Enterprise Investment Fund (SEIF) was a United Kingdom Department of Health fund which provided investment to assist social enterprises delivering health and social care services. Established in 2007 with funding of £100 million, it p ...
* Communitybuilders * Adventure Capital Fund * Childcare Investment Readiness Fund


Structure

Social Investment Business is the trading name for the Social Investment Business Foundation, Social Investment Business Limited and Futurebuilders-England Limited. Together these organisations represent the SIB Group.


Examples of Funded Projects

*
Lichfield Canal Aqueduct The Lichfield Canal Aqueduct is a potentially navigable aqueduct over the M6 Toll Motorway, just to the west of Lichfield and north of Birmingham, England. The aqueduct is unwatered; it was constructed at the same time as the motorway in ant ...


See also

*
Social Investment Socially responsible investing (SRI), social investment, sustainable socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social/environmental good to bring about soci ...
*
Big Society Capital Big Society Capital Limited (BSC) is an independent social investment institution in the United Kingdom, which provides finance to organizations that support front-line social sector entities to help them grow. Synopsis Social investment is about ...


References

{{reflist Charities based in the United Kingdom