• About Big Society Capital

• Ideas for Impact: context

• Audience, offer and priorities

• Case studies

• How to apply and selection factors

• Further guidance

• Timelines and panel

• Contact details

• FAQs

• Application questions

• Terms and conditions

About Big Society Capital

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Seeding innovation is at the core of our approachWe continue to test new approaches to unite capital, expertise and ideas for better lives by supporting innovation – finding new ways of tackling social problems using existing or new finance tools that have potential to scale their impact:

We often start with social issuesthat can be tackled through business models

InvestingPartnering & capacity building

… to design financial tools and invest in

fund managers

We bring together and build capacity of partners with the expertise, skills and resources needed…

Analysis

Big Society Capital exists to make a difference by improving the lives of people in the UK, through investment with a sustainable return. We work with expert partners to understand people’s needs first. Then, using our knowledge and capital, we collaborate and invest with fund managers who also want to create a better, sustainable future.

Ideas for Impact: context

• Social impact investment can help tackle social issues by enabling sustainable enterprises to scale and by testing new business models to address social issues, with potential to scale in future.

• New financial products and/or business models take significant resource to develop. They usually need to be “seeded” (tested and proven) before they can be scaled by growing the enterprises themselves, the investor base and the number of enterprises using investment.

• Both fund managers and charities have often been at the forefront of developing these innovative solutions but there is a scarcity of funding to support the early stages of development. Big Society Capital has therefore been active in developing such solutions with partners – but does not believe that the ability of the market to create such ideas should be limited by Big Society Capital’s knowledge and/or capacity.

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Therefore, we are launching Ideas for Impact to identify ideas for how social impact investment can address a social issue, with potential for the solution to scale through a fund or similar structure.

What are we trying to achieve?

5

Identifying ideas from

beyond our existing

networks, with the aspiration

to create a fund or similar

structure which may take on

investment from us and/or

others.

With partners, creating a

wider pool of development

funding to seed new ideas.

Creating new partnerships

between existing social

investors and those with new

ideas.

1. Identifying ideas

2. Expanding

development

funding

3. Unlocking

catalytic

investment

Key audiences, our offer and what we will prioritise

6

What is on offer?

For a small number of ideas selected by our panel (see more on selection factors on Slide 12), we will offer:

1. Development funding of between £15k - £30k (inclusive of VAT) per idea, depending on its stage of development.

2. Up to 6 days of in-kind support and connections from a member of the Big Society Capital team to help develop the

idea

The total development funding available for this call is £150k. This forms a large proportion of Big Society Capital’s

research and consultancy budget, which we are keen to put to work externally.

Who are the key audiences for Ideas for Impact?

• UK-based fund managers and charities/ social enterprises (see slide 18 in this deck for more on eligibility)

Ideas we will prioritise:

• We are looking for social impact investment ideas with the greatest potential to have a transformative impact on a social issue at scale.

• Big Society Capital’s mission means we can only support ideas where there is a potential route for social investment to be part of the solution applicants are trying to address. Though we are open to the issues being tackled and the route to get there, applicants must be able to demonstrate a plausible path/ thesis for a social investment as part of the solution.

• We will prioritise ideas with potential for replication and scaling where a fund (or similar structure that can bring together a variety of investors and multiple enterprises) is part of the solution.

• If receiving applications from charities and social enterprises, we will prioritise those who have identified a fund manager to work with.

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What we can’t do through this programme

Please note:

• Ideas to create more flexible finance solutions for charities and social enterprises should be directed to Access, the Foundation for social investment.

This is not funding to support

organisational development

or capacity building to help

your organisation reach

sustainability.

For fund managers

This is not funding for

organisational development or

capacity building to help your

organisation reach sustainability. It

is also not suitable for developing

a new social enterprise.

For charities and social enterprises

How does an idea become an investment?

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Start by understanding the social issue, focusing on ones affecting people who are underserved or vulnerable

There tend to be four core elements to bringing an idea to life. The process is often non-linear and each stage can involve iteration.

Look at what business modelscan contribute to tackling these social issues, and where they can be bolstered, replicated or scaled up

Analyse what finance and other support is needed to help these business models deliver better outcomes for more people. Who are the target investors, what is important to them, and does this match with the proposition?

Look at who else is needed for the idea to succeed at different stages in the path to grow impact. What role can each partner play?

Social issue

Business models

Investment

Partners

Path to scale…

How does an idea become an investment fund?Women In Safe Homes

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Women in Safe Homes was created to provide safe, secure and affordable housing for women at risk of homelessness, including survivors of domestic abuse. It consists of a property fund to invest in housing that can be accessed by women’s sector organisations (WSOs) and other charities, and a catalytic grant programme to strengthen capacity of WSOs to deliver housing services.

Social issue Business models Investment Partners

Big Society Capital

commissioned research that

highlighted the hidden nature of

women's homelessness and

potential for a solution that

could involve repayable finance.

Access to safe, secure and

affordable housing for

vulnerable women identified as

a significant issue: 66% of

homeless adults living in

temporary accommodation

are women.

Engaged with 60 WSOs to better

understand the extent of their

unmet needs and barriers to

investing in housing to deliver

their services – 52% cited high

cost of investing as a barrier.

Lease model proposed as a

solution as many WSOs were

unable to provide deposit

money to secure bank lending

and purchase much-needed

accommodation.

Housing benefit revenue

stream supports WSO revenue

model, facilitating social

investment repayment.

Steering Group formed to ensure funders and investors were engaged in developing a solution that was viable and met both of their needs.

Engagement with investors to determine appropriate terms to align their needs with a fund structure that would also meet the needs of WSOs looking to lease property.

Hypothesis that fund was a good fit for institutional investors tested with this investor group and proposition evolved in response to feedback.

Co-development process

brought together expert

partners, ensuring grounded

solution development, and

involved on-going engagement

with investors and grant funders.

Social sector organisations

were engaged throughout to

support on programme design

and to build the investment and

funding pipeline.

Engagement with grant

funders to develop a catalytic

grant programme alongside to

support ongoing feasibility

studies / resourcing.

How does an idea become an investment fund?Fair By Design

Note: Logos shown are not an inclusive list of the parties involved (illustration purposes only) 10

Fair By Design is a campaign and a £10m venture fund to address the poverty premium. The campaign’s vision is of a UK where poor and low-income people pay a fair price for essential services. It aims to achieve this by influencing the activity of regulators, policymakers, and businesses. The venture fund provides capital to help grow new and scalable businesses that are innovating in the market.

Social issue Investment Partners

The Joseph Rowntree

Foundation commissioned

research that highlighted the

scale of the poverty premium

in the UK.

It found that people in poverty

or on low- incomes (21% of the

UK population) often pay more

for the same goods or services:

£490 is the average yearly

amount of the poverty

premium.

Partners came together to explore whether social investment could play a role in tackling the problem.

Further research and stakeholder engagement to identify viable business models that could tackle the poverty premium and their support and financing needs. Both business to business solutions and direct business to customer solutions proposed (e.g. consumer subscription models).

Engaged with investors to determine appropriate terms and structure to launch Fair By Design fund.

Engagement with grant funders to develop Fair By Design Campaign (run by Barrow Cadbury Trust) and to support engagement of those with lived experience of the issue.

Engagement with early-stage businesses addressing the poverty premium to refine programme design and advance investment pipeline.

Steering Group established which ensures collaboration between fund and FBD campaign to further develop and test potential solutions.

Call for fund manager launched: Ascension Ventures selected to run the Fund.

Business models

How does an idea become an investment fund?Good Food Fund

Note: Logos shown are not an inclusive list of the parties involved (illustration purposes only) 11

The Good Food Fund is a pilot programme to tackle childhood obesity. It is an accelerator programme (run by Mission Ventures) and pilot £1.8m venture fund (managed by Ascension ventures) that supports Healthier Challenger Brands tackling childhood obesity. The pilot is a key part of a broader aim to drive systemic change to tackle the issue.

Social issue Investment Partners

Research funded by Guys and

St Thomas’ (GST) charity

showed the prevalence of

childhood obesity in the UK,

and the relationship between

childhood obesity and

deprivation, with the

healthiest products out of

reach for many because of cost

and what's available locally.

3 in 10 children in the most

deprived areas of England are

obese.

GST and Big Society Capital commissioned a report to explore the potential investment opportunity and early stage ventures working to combat childhood obesity (either through new healthy challenger brands or new approaches to food retail).

Research highlighted an opportunity area in snack innovation: Mission ventures established as an acceleratorto work with Healthier Challenger Brands to understand their support needs.

Revenue stream of Healthier Challenger Brands supported by underlying demand for healthier snacks by consumers.

Engagement with fund managers to understand terms and structure suitable for the pilot fund.

Engagement with investorsto provide financial support for enterprises coming out of the accelerator. Ascension Ventures selected to manage the fund.

GST provided grant funding to support non-financial needs of the enterprises such as business support / resourcing.

Partners group established (GST, Big Society Capital, Ascension Ventures, Mission ventures) to review emerging findings.

Advisory board established to explore how to scale the Good Food Fund to drive systemic change and test key hypotheses.

Business models

How to apply and selection factors

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Clear rationale for how repayable social investment could play a role in supporting and scaling these business models, including how models could generate appropriate returns to repay investment. Potential to create a fund or similar structure which may take on investment from Big Society Capital and/or others that addresses a gap in supply of finance.

Identification of who else might invest in or fund this idea and why.

Investment

Other partners who may need to be involved for the idea to succeed identified and their potential role.

Stage of idea identified and realistic plans for the use of development funding to move the idea forward.

Experience of team in developing an early-stage idea into an investible proposition or partner

who brings this experience identified.

Partners

Stage of

idea

Team

The role for business models in tackling the social issue; alongside a credible hypothesis for how models will be bolstered, replicated or scaled up.

Business

models

The issue affects people in large numbers who are underserved or vulnerable. The idea is different from, or better than, what already exists.

Social issue

To apply, please complete the TypeForm application by 12pm on Monday 1st March. The questions align with the factors above.

We are looking for social impact investment ideas with the greatest potential to have a transformative impact on a social issue at scale. The panel will consider the following factors to understand an idea’s potential:

Further guidance for applicants

13

• Ideas don’t necessarily need to be ‘new’ specifically for this call; this resource can be used to support ideas

you’re already working on.

• We acknowledge that organisations will only be able to develop ideas and plans so far with the resource on offer

at this stage. We don’t expect you to get to the full answer with this funding and support but anticipate that

this resource might support or ‘unlock’ certain parts of the process – and that you will be clear on where you are

aiming to get to.

• In-kind support from Big Society Capital could be used flexibly (to the extent that this aligns with team capacity at

Big Society Capital) and for different activities, including support on identifying potential investors for your idea, or

help with financial structuring of a fund or similar structure which may take on investment from us and/or others.

• Those who receive development funding are required to sign a simple Service Level Agreement with Big Society

Capital and will invoice Big Society Capital for services delivered in return for the funding received.

• Big Society Capital does not anticipate necessarily going on to invest in all ideas that it supports through this

programme. However, a small proportion of ideas that are selected to receive funding may then go on to progress

through Big Society Capital’s investment process and ultimately receive investment. All investments that Big

Society Capital makes are determined both by our investment priorities and eligibility criteria.

Please review the full Terms and Conditions for Ideas for Impact at the end of this document.

Timelines and milestones

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18th January 2021 LaunchApplication form goes live. More information on Big Society Capital’s website.

4TH February WebinarZoom webinar run by Big Society Capital with external speakersCase studies and Q and A.

1st March Closing dateAll applications must be received through the Typeform by noon on Monday 1st March.

Early March Review and selectionPanel review and assess ideas.We may contact applicants to discuss their ideas further during this period.

By 31st March Development funding allocatedIdeas selected for development funding will be informed.

Launch

Webinar

Close

Review

Timelines

Selection

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Selection panel

We have put together an expert selection panel with a mix of backgrounds and perspectives to review ideas and select those to receive development funding based on the selection factors.

The members of the panel are:

• Ben Smith (Esmee Fairbairn Foundation)• Matthew Bowcock (The Beacon Collaborative)• Sarah Colston (Access Foundation)• Liz Hayes (Connect Fund)• Victoria Bew (Nesta)• Paul Nicoll (Triodos)• Camilla Dolan (Eka Ventures)• Andrew Croft (Social Enterprise UK)• June O’Sullivan MBE (London Early Years Foundation)

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Any questions?

If you have any questions on Ideas for Impact, please don’t hesitate to get in touch with the team at: Ideasforimpact@bigsocietycapital.com

We’ll also be hosting an Ideas for Impact webinar on Thursday 4th February at 11am-12.30pm where there will a Q&A session and the panel will discuss how an idea becomes an investable proposition. Register here

Ready to submit your idea? Complete the application on Typeform

FAQs

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FAQs (1)1. Who is eligible to apply?

a. Only UK-based organisations can benefit from the development funding. All proposed ideas must provide finance to mission-led

organisations, not purely ‘for profit’ organisations. This could include regulated organisations such as charities, Community Interest

Companies or Community Benefit Societies, as well as some profit-making companies or enterprises that have a clear social mission.

2. Can I submit more than one application?

a. Yes, you can submit more that one application as long as the applications are mutually exclusive and hence not co-dependent.

3. My idea already receives funding from another source. Can I still apply?

a. Yes. As long as you can demonstrate the added value of the funding to be provided by Big Society Capital and what those Big Society

Capital funds will be used for.

4. How many organisations are we going to fund?

a. There is no set number of ideas we are looking to support. The total potential available funding for this call for ideas is £150k and the

maximum that will be offered is £30k (including VAT) for any one idea.

5. When will the call close?

a. Application submissions close at noon on 1st March 2021. Submissions must be via the typeform link here

b. Key dates to keep in mind are the following:

i. Webinar on Ideas for Impact – 4th February 2021

ii. Application submissions deadline – 1st March 2021

iii. Development funding allocated – by end of March 2021

6. Will Big Society Capital go on to invest in my idea at a later date?

a. Big Society Capital does not anticipate necessarily going on to invest in all ideas that it supports through this programme. However, a small proportion of ideas that are selected to receive funding may then go on to progress through Big

Society Capital’s investment process and ultimately receive investment. All investments that Big Society Capital makes are determined

both by our investment priorities and eligibility criteria.

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FAQs (2)

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Key definitions

1. What do you mean by scale?

a. By ‘scale’ we mean the potential for an idea to support growth and/or replication of business models that will

ultimately improve the lives of a significant number of people in the UK. This could be through a fund that will

support multiple organisations addressing a social issue that effects lots of people in the UK and/or there is a

credible hypothesis that investors will channel capital at scale to address the issue.

2. What do we mean by business models?

a. Business models are the ways that organisations generate social impact and revenues. These models are the

vital link between the different investment products we help develop and the positive impact that enterprises

and charities make for people and communities.

3. What do we mean by innovation?a. Our seeding innovation work will focus on identifying innovation with potential to have a transformative

impact on a social issue and scale in the medium to longer term. This could include: i) Innovation in business

models (new models with potential to scale) and/or: ii) Innovation of existing models via application of new

financing tools/structuring. Big Society Capital are interested in supporting ideas that will have the potential to

drive a positive systemic change.

Application Questions

Given typeform does not allow you to save as you go, we suggest you type your responses in a word file ahead ofcopying across and submitting via typeform. You will not be able to edit your application once submitted.

1. Got an idea for how social investment can address a social issue, with potential for the solution to scale through a fundor a similar structure?

2. By submitting this form, you consent to Big Society Capital processing this data for the purposes of assessing yourapplication and sharing it with the Ideas for Impact selection panel

3. What is your name?

4. What is the name of your organisation?

5. What best describes the organisation you work for?

6. Is your organisation diverse led? By diverse-led we mean that 51% or more of the board and senior management teamare diverse: Black, Asian or Minority Ethnic (BAME), disabled, women or LGBT. Tick those that apply: BAME led (yes/ no);Disabled led (yes/ no); Woman led (yes/ no); LGBT led (yes/ no); none of the above

7. What is the best email to reach you on?

8. Where did you hear about Ideas for Impact?

9. Which UK social issue is your idea trying to address? What’s the scale of the problem and who does it affect (is it thegeneral population or specific groups of people)? Max. 150 words

10. What is your idea for how this could be tackled, by using social investment, and how is this different from or betterthan what already exists? Max. 150 words

Application Questions (1)

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Application Questions (2)

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11. What are the business models that could address the issue and what do we know about the number or scale of these

models? (By ‘business model’ we mean the ways that organisations generate social impact (impact model) and

revenues (revenue model)) Max. 150 words

12. How might your idea scale its impact if successful? By ‘scale’ we mean the potential for an idea to support growth

and/or replication of business models that will ultimately improve the lives of a significant number of people in the UK.

This could be through a fund that will support multiple organisations addressing a social issue that effects lots of

people in the UK and/or there is a credible hypothesis that investors will channel capital at scale to address the issue.

Max. 150 words

13. What role could social investment play in supporting and scaling these business models alongside other types of

money? Is there a gap in provision of investment currently – and what is the nature of that gap? Max. 150 words

14. How would a fund (or similar structure) investing in these business models generate a surplus that would also

support repayments to investors (i.e. What is the likely return on investment and how will this be achieved) Max. 150

words

15. Who do you think the investors in this idea might be? For example, do you see this being a good match for trusts &

foundations, institutions or individuals? How much do you know at this stage about what those investors are looking

for? Max. 150 words

16. What other partners would need to be involved for your idea to succeed? If you are a charity or social enterprise have

you already spoken to a fund manager about your idea and if so, who? Max. 150 words

17. Have you or your team successfully developed an idea into a potentially investible proposition before? Max. 150 words

18. How can you evidence that your idea will incorporate user voice and hence engage with feedback from real life

challenges? Max. 150 words

19. What would the Ideas for Impact money and in-kind support be used for? (Please provide high level outline budget)

What would the money/support test or progress, and why do you think this would help move the idea closer to

realisation? Max. 150 words

Terms and Conditions

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Ideas for Impact Terms and Conditions

“Big Society Capital”, “us” or “we” means Big Society Capital Limited, whose registered office is situated at 8-10 New

Fetter Lane, London, EC4A 1AZ and whose company number is 07599565.

“Ideas for Impact” is a call for ideas organised by Big Society Capital to seek out and develop ideas for how social

investment can address a social issue, with potential to scale through a fund or similar structure.

A selection panel determined by Big Society Capital (“the panel”) will review the applications submitted to Ideas for

Impact and will select those that will receive up to £30k (inclusive of any applicable taxes) (“development funding”) and

up to 6 days of in-kind support to develop, or to assess the feasibility of, the idea. The development funding will be

provided subject to the terms of a service agreement to be put in place with each successful applicant (“Service

Agreement”).

Please read these terms and conditions (“Terms and Conditions”) carefully before submitting an application. By

submitting an application, you accept these Terms and Conditions and agree to comply with them. If you are submitting

an application on behalf of an organisation or a group of organisations, you undertake to Big Society Capital that you

have the authority to bind each of them and that you will be responsible for ensuring that they comply with these Terms

and Conditions.

Big Society Capital reserves the right to refuse any application; to suspend or terminate Ideas for Impact and to amend

the present Terms and Conditions at any time without prior notice.

Big Society Capital will inform the public of any such change on their website here. Changes will take effect from the

date they are posted on this website. Applicants are encouraged to visit the website regularly in order to get the most

up-to-date information.

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Ideas for Impact Terms and Conditions (1)

1. Eligibility: Ideas for Impact is open only to those who enter by submitting the application form on our website

(www.bigsocietycapital.com). Only UK-based organisations can benefit from the development funding. All

proposed ideas must provide finance to mission-led organisations, not purely ‘for profit’ organisations. This could

include regulated organisations such as charities, Community Interest Companies or Community Benefit Societies,

as well as some profit-making companies or enterprises that have a clear social mission.

2. Ideas for Impact period: Applications for Ideas for Impact will be accepted online starting on or about 18th January

2020 and ending 1st March 2021. All entries must be received by 1st March 12.00pm noon GMT (“End Date”). Such

timings are subject to change which will be notified via the Big Society Capital website.

3. How to apply: Apply via the Typeform application form on Big Society Capital’s website, accessible here. You can

submit more than one application as long as the applications are mutually exclusive and hence not co-dependent.

4. Further information: Following the end of the application deadline, Big Society Capital may wish to discuss some

applicants’ submissions. If this is required, applicants will be contacted using the contact details provided on their

application.

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Ideas for Impact Terms and Conditions (2)

5. Assessment: Following the End Date, submitted applications will be assessed by the panel and Big Society Capital at

its sole discretion. The panel intends to prioritise applications that are able to demonstrate a plausible path for social

investment as part of their solution and ideas with potential to scale through a fund or similar structure. A small

selection of ideas that are reviewed by the panel to best meet the Ideas for Impact factors will be provided with

development funding subject to the terms of a Service Agreement to be put in place with each successful applicant (see

section 10 below). We anticipate that between 4 and 6 ideas will be selected to receive development funding, although

this is an estimation and more or fewer applications may be selected at Big Society Capital’s sole discretion. Big Society

Capital reserves the right not to provide development funding to any ideas submitted as part of Ideas for Impact if none

of the applications adequately meet the selection factors. Decisions made by Big Society Capital and the panel are final

and are not subject to appeal.

6. Feedback: Big Society Capital will endeavour, to the best of its abilities, to provide applicants with feedback on their

submitted idea via email. In a small number of cases, feedback via telephone or Zoom may be possible. The level of

detail of this feedback will vary based on the application.

7. Notification of successful applicants: Applications that are selected to receive development funding will be selected

at the sole discretion of Big Society Capital. For avoidance of doubt the panel (chaired by Big Society Capital) will assist in

informing the decision. Successful applicants will be notified via email within five calendar days following their selection,

which will be no later than 31st March 2020. Big Society Capital shall have no liability for an applicant’s failure to receive

notices due to their spam, junk e-mail or other security settings or due to their provision of incorrect or otherwise non-

functioning contact information. If a selected applicant cannot be contacted, or is ineligible, an alternate application may

be selected.

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Ideas for Impact Terms and Conditions (3)

8. In order for an applicant to receive development funding, we may need to carry out due diligence to ensure the

applicant and the applicant’s proposal are eligible to receive the funding from Big Society Capital. The applicant’s receipt

of the development funding is conditional upon compliance with any and all applicable laws and regulations.

9. Ideas that are selected to receive development funding will not receive any funding if they:

(a) are subject to a conflict of interest;

(b) are guilty of misrepresentation in supplying the information required by Big Society Capital as part of the application

process or as a condition of participation in Ideas for Impact or if they fail to supply this information.

10. Development funding and support: Selected ideas may receive up to £30k (inclusive of any applicable taxes) of

funding. In addition to awarding the development funding, Big Society Capital may decide, at its sole discretion, to

provide an amount of in-kind time from a member of the Big Society Capital team to support applicants on developing

their idea (“support”). Applicants that receive development funding will be required to sign a Service Agreement with Big

Society Capital, which will outline the terms on which the funding and/or the support will be provided and will include a

commitment to report on progress on the use of funds at dates to be agreed with Big Society Capital.

11. Costs of application: Applicants are responsible for all the costs of entering and participating in Ideas for Impact.

12. Cancellation: You may request a cancellation of your application within 15 business days of the End Date by

contacting Big Society Capital by email at: ideasforimpact@bigsocietycapital.com

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Ideas for Impact Terms and Conditions (4)

13. Intellectual property: Applicants shall ensure that they have all rights to use any pre-existing intellectual property

rights used as part of the application or in the implementation of their proposal.

14. Limitation of liability: For the avoidance of doubt, Big Society Capital shall not be liable for any expenses in

connection with an applicant’s submission to the Call for Ideas and/or any damages of any kind (subject to applicable

laws) that may arise as a result of the applicant applying for, or receiving development funding pursuant to, Ideas for

Impact. If the applicant considers it necessary at any stage to obtain independent advice in relation to their application

to Ideas for Impact, they may obtain such advice at their own expense.

15. Advice: Big Society Capital is not under any obligation to provide applicants with any advice or assistance in

connection with their application for Ideas for Impact.

16. Rights Granted by You: By applying to Ideas for Impact you understand that Big Society Capital, anyone authorised

to act on behalf of Big Society Capital, or its respective licensees, successors and assigns will share your application with

the selection panel and any funders who may be interested in supporting your idea.

17. Terms: Big Society Capital reserve the right, in its sole discretion to cancel, terminate, modify or suspend Ideas for

Impact for any reason, including if (in its sole discretion) causes beyond its control corrupt or affect the administration,

security, fairness or proper conduct of the call for ideas. In such case, Big Society Capital may select the recipients from

all eligible applications received prior to and/or after (if appropriate) the action taken. Big Society Capital has the right, in

its sole discretion, to maintain the integrity of Ideas for Impact, to void applications for any reason, including, but not

limited to; multiple entries from the same user.

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Ideas for Impact Terms and Conditions (5)

18. Privacy Policy: Information submitted with an application is subject to the Big Society Capital Privacy Policy stated

on the Big Society Capital website. To read the Privacy Policy, click here.

19. Content: The content of your application must not be capable of being construed as a financial promotion. Big

Society Capital reserves the right to not consider for selection as a recipient of development funding any entry that

could be construed as a financial promotion.

20. These Terms and Conditions shall be governed by and construed in accordance with the laws of England & Wales.

By submitting an application, you certify that you have understood these Terms and Conditions and that all information

submitted is true, accurate and complete.

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