Guide to social investment tax relief for investors
Our short guide to social investment tax relief for investors explores the common questions, where to find examples of social investments, access deal flow and where to hear from investors already making these kinds of investments.
Cambridge Associates and the Global Impact Investing Network have collaborated to launch the Impact Investing Benchmark, the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds. While the impact investing industry is in an early stage of development, it is poised for growth.
One of the chief barriers to industry advancement remains a paucity of robust research on financial performance. Credible data on risk and return can help both existing and future impact investors better identify strategies that best suit their desired social, environmental, and financial criteria.
Despite a perception among some investors that impact investing necessitates a concessionary return, the Impact Investing Benchmark has exhibited strong performance in several of the vintage years studied as of June 30, 2014. In aggregate, impact investment funds launched between 1998 and 2004—those that are largely realized—have outperformed funds in a
comparative universe of conventional PI funds. Over the full period analyzed, the benchmark has returned 6.9% to investors versus 8.1% for the comparative universe, but much of the performance in more recent years remains unrealized.
This is a hugely valuable resource that challenges many of the ideas abounding about what the commission is calling “social investment“, offering key recommendations to help grow this impact-orientated investment sector. From current definitions of social impact investment and discussions of the needs of social sector organisations (or “social enterprises“) to a very clear exploration of what we can do to help social investment work better.
Starting Impact Investing Angel Groups: A Resource Pack
This report lays out the findings of a six month Big Lottery funded project to examine the feasibility of developing regional impact investing angel groups in two identified regions: Greater Manchester and the Midlands. Included within this report is a resource pack of documents that may be useful in creating a regional angel group.
Over the past few years, there has been increasing interest in both the idea of social investment and the phenomenon of public service ‘spin-outs’ and mutuals. Meanwhile, almost unheralded, a new breed of organisations have emerged from Primary Care Trusts and other parts of an evolving public sector. This report looks at the finance needs of spin-outs, based on evidence and stories from the spin-outs ourselves and delivered by Social Enterprise UK.
This report was prepared for Social Enterprise UK by Dan Gregory with support from Charlotte Chung, Ruty Geva and Nick Temple.