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Established since 2011
The Black Social Impact & Investment Report
During 2020 and 2023, 150 Social Impact and Investment Wholesaler were desk researched on thier submition of Diversity data and investment into Black-Led Charities and Social Enterprise.
On the 21st November, For Business Sake delivered the Social Economy Investment Community Consultants (SEICC) Round Table.
SEICC's can reach those social sector organisations who do not engage with social investment finance and funding that has been created for them, about them but without consulting them. SEICC's are culturally sensitive and create effortless engagement and trust.
The SEICC Round Table Launch
Diversifying the Social Impact & Investment Sector
In 2020 we made it our mission to support the diversification of the social impact and investment sector whilst still continuing to support our core target market, This report will focus on the Black experience of Social Impact and Investment in the following:
The history of Social Investment where this wealth really comes from
Investigates how much money Social Investment Wholesalers have invested in BLACK LED SOCIAL ENTERPRISES & CHARITIES in the UK
Highlights the Intermediaries and Black Leaders in the Social Impact and Investment Ecosystem
The difference between Social Investment & Impact Investing
The number of mentions Victor Adebowale Commission Report
The 150 Social Investment Wholesalers and the where the top 10 leaders located
Social Investment and the black experience
Recommendations for System Change in the Social Investment Sector
How our Social Economy Investment Community Consultants can support the findings and key recommendations
This report provides an overview analysis of social investment in Black-led social enterprises and charities in the UK. It delves into the investments made by Social Investment Wholesalers, identifies key intermediaries and leaders within the social impact and investment ecosystem, compares the roles of different types of investors.
The Black Social Impact and Investment Report
Report Insights
Black Senior Leadership in Social Investment
Black-Led Social Invesment Wholesalers
Social Investment Wholesalers in the UK
Black Led Social Charities and Social Enterprises
Black Social Investment Initiatives
This report provides an overview analysis of social investment in Black-led social enterprises and charities in the UK. It delves into the investments made by Social Investment Wholesalers, identifies key intermediaries and leaders within the social impact and investment ecosystem, compares the roles of different types of investorsvand offers recommendations for system change in the social investment sector.
In addition it explores the leading Social Investment Wholesalers and examines the intersectionality of social investment and the Black experience.
Download the full report to access the full data submissions in the Black Social Impact and Investment Report in April 2024
Key Findings
Our Key Findings
This report sought to provide further insight into the degree to which the social investment sector is equitable for Black-led and owned Charities and Social Enterprises. Forming part of an ongoing initiative to demystify and make social investment more accessible to a range of technical and nontechnical audiences, particularly social entrepreneurs whose specialisms lie elsewhere, several research questions were selected and highlighted the following
Key Findings:
1. Data Quality and Availability Remains a Key Challenge for the Sector
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There is not enough data of the right sort available for the sector to hold itself accountable for equity in funding practice.
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Investors are almost invariably collecting information differently.
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Diversity means different things to different investors.
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Intersectionality is not yet a widespread priority within the sector.
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Terms like ‘diverse-led’ are equally and equity unhelpful
2. Diversity is Increasingly Becoming a Priority for the Social Investment Sector
3. More Funding is Being Directed to Black and Minoritised-led and -Owned Businesses, Although Quantifying Exact Numbers Remains Impossible
4. Much of the research in the social investment sector focuses on investee perspectives.
5. Social investment wholesalers’ expertise, with the exception of Pathway Fund, is currently heavily weighted towards the creation of financial products and funds, and not in diversity, equity and inclusion. Both are essential to transforming the sector.
Our Key Recommendations
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The first recommendation ‘A Community Investment Tax Credit (CITC)’:- To encourage private investment in under-invested communities, via Community Development Financial Institutions (CDFIs) which can invest in both not-for-profit and profit-seeking enterprises.’ sought to bridge the gap between the private and third sectors.
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The second recommendation ‘A Community Development Venture Fund:- A matched funding partnership between Government on the one hand and the venture capital industry, entrepreneurs, institutional investors and banks on the other.’ reflects the cross-sectoral nature of the social investment sector.
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The third recommendation ‘Disclosure by banks’:- Concerns a persistent theme in the social investment sector today: data, transparency, and whether social investments are reaching their intended audience.
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Recommendation number four ‘Greater latitude and encouragement for charitable trusts and foundations to invest in community development initiatives’.:- Addressed the reticence of charitable foundations to engage with community development venture (CDV) funds and community development finance institutions (CDFIs) to finance businesses
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The fifth and final recommendation ‘Support for Community Development Financial Institutions’:- Called for a greater volume and diversity of Social Investment Finance Intermediaries (SIFIs) which would collect funds at the wholesale level and distribute them to the community level.
