Social Finance Ltd.
| Private Limited Company | |
| Industry | Social enterprise |
| Founded | 2007 |
|
Key people
|
David Hutchison, Chief Executive Officer Toby Eccles, Director David Blood, Chair |
| Website | www.socialfinance.org.uk |
Social Finance Ltd. is a not for profit organisation that partners with the government, the social sector and the financial community to find better ways of tackling social problems in the UK and beyond. It works with government, investors and delivery partners to develop new models of social change.
Since its formation in 2007, Social Finance has mobilised over £100 million of investment and helped to design a series of programmes, including the Social Impact Bond model, to improve outcomes for individuals with complex needs. It has sister organisations in the US and Israel and a network of partners across the world.
Social Finance's initial team supported the work of the Commission on Unclaimed Assets, which recommended the establishment of a Social Investment Bank in March 2007 and in turn developed the blueprint for what is now named Big Society Capital, a social investment institution with £600m to invest.
Initially financed by a group of philanthropists, later financial support included charitable trusts and foundations including: Esmée Fairbairn Foundation, Rockefeller Foundation and the Big Lottery Fund.
Social Finance's core mission is to find better ways of tackling social problems in the UK and beyond. It partners with the government, the social sector and the financial community, to tackle entrenched social problems and bring rigour and capital to the delivery of social change. Social Finance designs financial and advisory services and products for organisations looking to deliver social impact. It looks for structures that offer flexibility and long-term funding, and encourage innovation to deliver maximum social impact.
Social Finance’s core services are described below.
Commissioner Advisory: Social Finance works with public service commissioners to reshape their services so that they focus on outcomes and increase social impact, while reducing costs.
Enterprise Advisory: Social Finance works with charities, social enterprises and Community Interest Companies to scale their existing activities and expand their impact.
Social Investment: Social Finance develops Social Impact Bond/ Development Impact Bond projects that improve social outcomes and generate financial returns.
Field Building: Through research, advocacy, and publications, Social Finance supports the development of the Social Impact Bonds and the broader impact investment movement.
International: Social Finance is working in collaboration with a range of impact investment intermediaries in different countries to support the development of locally based programmes.
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