Investment Landscape

Presentation toNominet Trust Academy

byDaniel 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• Clearly Social Angels

• Other angel networks– The Funding Network

• High net worth individuals

Institutional Investors• Philanthropists

• Corporate investors

• Other institutional capital

Co-Funds• 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• 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/how-to/ambitious-social-entrepreneur.html

• Nesta

– http://www.nesta.org.uk/publications

• ICRF Providers

– http://www.beinvestmentready.org.uk/social-ventures/find/