Investment Landscape
Presentation to
Nominet Trust Academy
by
Daniel Linde
October 16, 2012
Spectrum of Organisational Models
• A wide range of financing options
• Social enterprise v social purpose business
Source: CAF Venturesome
Functions of Capital
• Cash-flow finance
• Working capital
• Building up internal capacity / recruitment of staff etc
• Expansion of activities (new activities or more of existing activities)
• Asset purchase
• Start-up costs
• Reserve funds / safety net resources
• Research & development or piloting an initiative
Source: ClearlySo
Types of Capital
• Donation
• Grant
• Debt
• Equity
• Quasi-equity
• Community share
• Payment by results
Matching Sources and Uses
Source: CAF Venturesome
Sources of Capital
Angels
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Clearly Social Angels
Other angel networks
– The Funding Network
•
High net worth individuals
Institutional Investors
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•
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Philanthropists
Corporate investors
Other institutional capital
Co-Funds
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The FSE/Resonance Angel Co-Fund
The Angel Co-Fund
Big Venture Challenge matching fund
…Investors
With a Social
Lens…
Sources of Capital
Social Venture Capital
• Big Issue Invest
• Bridges Ventures
• CAF Venturesome
Venture Philanthropy
•
•
•
•
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CAN Breakthrough
Impetus Trust
Private Equity Fund
Social Business Trust
Shared Impact
Sources of Capital
Social Banks & Ethical Lenders
• Charity Bank
• Triodos
Community Banking
• Barclays Community Finance Fund
• Co-operative Bank
Sources of Capital
Foundations & Trusts
• Calvert Foundation
• Coutts Charitable Trust & Foundation
• Esme Fairbairn Foundation
•
•
•
•
Joseph Rowntree Charitable Trust
Nesta
Nominet Trust
Sainsbury Family Charitable Trusts
Sources of Capital
Award Organisations
• Ashden
• Ashoka
• Deloitte Social Innovation Pioneers
• Technology Strategy Board
• UnLtd
• Nesta: Centre for Challenge Prizes
• Skoll Awards
Sources of Capital
Public Bodies and UK Government Funds
• Big Society Capital
• Big Lottery Fund
• Social Investment Business
• Social Enterprise Investment Fund (SEIF)
• Investment and Contract Readiness Fund (ICRF)
Intermediaries & Incubators
Social Venture Intermediaries
• ClearlySo
• Investing for Good
• Resonance
• Social Finance
Social Incubators
• Bethnal Green Ventures
• Young Foundation Ventures
• RSA Catalyst
Funds Coming Soon
• Cabinet Office
– £10m Social Incubator Fund coming in January 2013
– Outcomes Fund
• RBSG Micro Finance Fund
• Impact Ventures UK – Berenberg/LGT Venture
Philanthropy
• Nesta Impact Fund
Guides
• ClearlySo - Guide for the Ambitious Social Entrepreneur
– http://www.clearlyso.com/social-enterprises/howto/ambitious-social-entrepreneur.html
• Nesta
– http://www.nesta.org.uk/publications
• ICRF Providers
– http://www.beinvestmentready.org.uk/socialventures/find/
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