HCT Group & ClearlySo win Social Investment Deal of the Year at the UK Social Enterprise Awards
Last night in London, HCT Group, the UK’s leading community transport operator, and ClearlySo, Europe’s leading impact investment bank, won Social Investment Deal of the Year at the UK Social Enterprise Awards. The award recognises the £17.8 million funding package that HCT Group secured, with help and support from ClearlySo, earlier this year. The funding is being used to accelerate HCT Group’s growth, providing the working capital to continue their rapid expansion and to provide the funds to acquire commercial bus operators and turn them into social enterprises. Dai Powell, CEO of HCT Group, commented on the award win: “Social investment is vital for HCT Group, providing the resources we need to grow our business, our social impact and our ability to create social change. We are delighted to receive this award as, working together with ClearlySo, we have shown that social investment can work at genuine scale, securing the resources we need for the next stage of our growth” Further commenting, Rodney Schwartz, CEO of ClearlySo: “It has been a pleasure and privilege to work with the HCT team for over a decade on several important transactions, including this award-winning investment—HCT proves business can do well and have a strong social impact. At ClearlySo we are especially proud of this complex deal which blended in mainstream and high street bank capital with that of traditional impact investors.” More information about the UK Social Enterprise Awards, award categories and winners may be found here. Ends Notes to the Editors About HCT Group HCT Group is a social enterprise in the transport industry, safely providing over 30 million passenger trips on our buses every year. We deliver a range of transport services – from London red buses to social services transport, from school transport to whole bus networks, from community transport to education and training. We reinvest the profits from our commercial work into further transport services or projects in the communities we serve. About ClearlySo ClearlySo is Europe’s leading impact investment bank, working exclusively with businesses, charities, and funds delivering positive social, ethical, and/or environmental impact as well as financial return. Originally founded in 2008, ClearlySo has helped more than 130 clients raise more than £230 million in impact investment from its extensive network of high-net-worth individual and institutional investors. ClearlySo is headquartered in London.