A public teacher complains about SIBs while the UK reports strong growth in funding uptake from Big Society Capital…
What’s That Smell? A Defense Of PFS From The White House
Fred Klonsky – preaprez.wordpress.com
PLY: A retired US public school teacher takes issue with the SIB revolution.
Total Big Society Capital Payouts Nearly Doubled To £68m In 2015
Gareth Jones – Civil Society
The total amount of social investment funding paid out by Big Society Capital (BSC) since its inception has nearly doubled over the last year, reaching £68m by the end of 2015, compared to £36m a year earlier. A further £127m has been drawn down from BSC “co-investors”, taking total BSC-related funding to £195m, up from £104m at the end of 2014. When social investment deals that have been agreed but not yet drawn down are included, the total committed by BSC and its co-funders is £587m.
As for the types of social investment instruments being used, around 41 per cent of the funding went either on loans or on equity investments in social enterprises, 39 per cent went on property-related funds, and 8 per cent went on social impact bonds.