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Big Society Capital

Business Sector:Social Investment Wholesaler

Business Activities:Social Investment Champion

Website:www.bigsocietycapital.com

Big Society Capital is a financial institution with a social mission, set up to build the social investment market in the UK, so that charities and social enterprises can access appropriate repayable finance to enable them to grow, become more sustainable and increase their impact on society.

Since it was set up in 2012, Big Society Capital has invested more than £165 million in specialist organisations who lend to charities and social enterprises. It also acts as a market champion to raise awareness and confidence of social investment.

The social investment market is hugely diverse and complex combining a vast range of social issues, organisations, products and investors. To reflect this diversity, Big Society Capital works to build the market in four ways:

  1. Small and medium sized charities – improving access to finance for small and medium sized charities by creating new revenue streams and investing into funds of social investors.
  2. Innovation – developing innovative and creative approaches of providing capital to tackling social issues, for example the Business Impact Challenge.
  3. Mass participation – building mass participation for social investment and encouraging individuals to contribute to social change through their own personal finance choices.
  4. Scale – building the financial scale of the market and create better links to the mainstream financial markets. investors.

Big Society Capital is funded through dormant bank accounts in the UK and contributions from the four main UK high street banks.

E3M Member

Name:Geetha Rabindrakumar

Title :Head of Social Sector Engagement

Geetha leads Big Society Capital’s work to engage with charities, social enterprises and community organisations, particularly focusing on educating this sector on the growing number of ways to access social finance.

Geetha joined Big Society Capital from the disability charity Scope, where she was Finance Director for 4 years, leading the establishment of Scope’s listed social investment bond programme. She has worked in a number of finance roles in the not for profit sector, including at Cancer Research UK, Plan UK and Ealing Community Transport.

Her broader involvement in the charity sector has included a number of volunteering and trustee roles at smaller charities.

Name:Melanie Mills

Title :Social Sector Engagement Director

Melanie focuses on developing Big Society Capital’s relationships with charities and social enterprises across the Midlands and North of the UK.

Melanie was previously the Chief Executive of Social Enterprise West Midlands (SEWM) CIC and led the organisation from a publicly funded project to a sustainable social enterprise through four years of trading and growth. SEWM’s income was directly generated through the sales of products and services so she has first-hand experience of the challenges and opportunities that social sector organisations face in order to be successful businesses.

With a background of 20 years in retailing, she has run her own consultancy business working with community organisations and charities to raise funds and to look at new ways of sustainable income generation.