Social and Sustainable Capital (SASC) has published its 2018 Impact Report highlighting record growth for its investment portfolio over the last year, with investment volumes more than doubling to just over GBP11m.
SASC offers flexible investment to charities and social enterprises through its Community Investment Fund (CIF) and Third Sector Investment Fund (TSIF). Since the launch of its first fund in 2014 SASC has invested just over GBP19m into 17 organisations, who are tackling some of the UK’s most difficult social issues.
One of the lessons that SASC believes it has learnt is that a blended funding approach has a vital role particularly in light of the financial constraints of many third sector organisations, and social sector organisations can sometimes extend their reach and generate financial benefits by partnering with the private sector, but the interests of the two organisations need to be aligned.
The report also notes that in recent years, Payment by Results (outcomes-based commissioning) has become popular, and that financing such activities is likely become more prevalent.
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