Investment Landscape

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 CapitalAngels• Clearly Social Angels• Other angel networks

– The Funding Network• High net worth individualsInstitutional Investors• Philanthropists • Corporate investors• Other institutional capitalCo-Funds• The FSE/Resonance Angel Co-Fund• The Angel Co-Fund • Big Venture Challenge matching fund

…Investors With a Social

Lens…

Sources of CapitalSocial 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/