1 / 6

FIRST STEPS IN ACCESSING SOCIAL INVESTMENT Social Enterprise North West Salford – 27 February 2014 Dan Hird Head of Corp

FIRST STEPS IN ACCESSING SOCIAL INVESTMENT Social Enterprise North West Salford – 27 February 2014 Dan Hird Head of Corporate Finance Triodos Bank. First Steps in accessing social investment. First steps - evaluation - is a blended social and financial return achievable?

carsyn
Download Presentation

FIRST STEPS IN ACCESSING SOCIAL INVESTMENT Social Enterprise North West Salford – 27 February 2014 Dan Hird Head of Corp

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FIRST STEPS IN ACCESSING SOCIAL INVESTMENT Social Enterprise North West Salford – 27 February 2014 Dan Hird Head of Corporate Finance Triodos Bank

  2. First Steps in accessing social investment First steps - evaluation - is a blended social and financial return achievable? - identify business case and finance requirement Investment readiness – what does this entail? - business planning and financial modelling - advice on governance – contracts, management etc - plan deal structure and type of finance? - data-room - produce financial promotional material - marketing plan Investment readiness

  3. First steps in accessing social investment Investment & Contract Readiness Fund (ICRF) - £10m fund administered by SIB on behalf of Cabinet Office - provides access to a list of accredited intermediaries - aimed at SEs looking to raise at least £0.5m of social investment - grants of £50k - £150k available Other forms of investment readiness support - Big Lottery Fund – Social Incubator Fund & others Investment readiness – financing support

  4. First steps in accessing social investment Social investors – a definition? - motivated by a blended social and financial return Social investors – who are they? - institutions – charitable foundations, family offices and trusts, social investment funds - intermediaries – private banks, IFAs, wealth managers - retail – HNW investors and members of the public - potential new investors – housing associations, LA pension schemes, corporates, University endowment funds Social investment - a developing market and a new asset class ............. - BSC, SIBs, SITR, public sector reform, charity bonds Accessing social investors

  5. First steps in accessing social investment Principal features - introduction – April 2014 (subject to Royal Assent in July 2014) - offers 30% up front income tax relief against an eligible social investment - eligibility – unsecured investment (can be in the form of debt (bonds) or equity) - eligibility – charities, CICs and CBCs – with less than 250 employees - intended to work in a similar way to existing tax reliefs such as EIS, SEIS and VCTs State Aid rules - initial relief limited to around £200,000 per issuer - Government is applying to EU for increase in relief (aim £5m by 2016?) What effect could SITR have on the social investment market? Social Investment Tax Relief (SITR)

  6. Triodos Dan Hird Head of Corporate Finance 0117 980 9588 dan.hird@triodos.co.uk www.triodos.co.uk Contact details

More Related