Big Society Capital loan helps secure BBRC’s future
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Big Society Capital, one of the founding institutions in the Social Investment market, have finalised arrangements in the last few weeks to lend BBRC an unsecured loan to help us grow and deliver our regional ambitions.
We’ll use the loan to sustain our work over the next few years to build more, safer homes, to help communities take on running their own services and assets, to fund low carbon infrastructure, and to invest in social enterprises which will in turn create more jobs in Bristol and Bath.
Big Society Capital is a wholesale investor, that is, they lend only to social investment intermediaries such as BBRC who bridge the gap between ethically-motivated investors and projects needing funding.
BBRC is delighted to receive this loan, which not only enables us to expand and grow, but also solidifies our long-standing close relationship with Big Society Capital.
We were the first investment intermediary to structure a charity bond including a Social Investment Tax Relief (SITR) element after Big Society Capital’s tireless work to help introduce SITR into the social investment market – see more about how we worked together with Big Society Capital in the video below. This pioneering use of SITR in a deal won us the Social Investment Deal of the Year 2016 from Social Enterprise UK!
This sort of working capital is vital for us to be able to fund the staff and resources we need to work with the community to create a more resilient voluntary, community and social enterprise sector and change peoples’ lives for the better in the Bristol and Bath region.
If you are interested in Social Investment Tax Relief as either an investee organisation or an investor, please contact us.