Big Society capital launches…

bscLOGO2A new investor in the social sector has just launched – Big Society Capital. “We enable organisations tackling social issues to grow by encouraging investments made for social as well as financial return”.

As a body the organisation is purposed with only lending capital to social investment finance intermediaries (SIFI’s). This is a range of UK organisations who offer social investment to, and seek ethical and financial returns from, frontline Thirdsector organisations.

The Big Society Capital organisation will invest a minimum of £500,000 and a maximum of £15 million, dedicating their funding across a broad aspect portfolio of projects.

There is no doubt that, if this is new money, then intermediary organisations who seek to lend to and develop infrastructure projects with the Third Sector now have an exciting new source of funds to deploy. If theIr applications and business plans are rigorous enough.

For smaller charities and social enterprises one interesting aspect of the Big Society Capital web site, although excluded from BSC funding, is that smaller organisations can access a database of advice, guidance and finance providers to the sector.

This resource can be searched whether looking for grants, business advice or investment. You can find the BSC database here. A really useful, one stop tool we think for smaller charities or social organisations.

Free to use too.

secBEANS bookshop now online

booksandbusinessPicThe secBEANS network have just published the pages of their online bookshop – beansBOOKS.

This is a great resource for getting information, ideas and seeing how others run their enterprise ideas. Every purchase you make from the bookshop sends a small amount to support SEC as a community charity too.

Have a look at the beansBOOKS pages. There are sections for the female entrepreneur, marketing and social media for all sorts of enterprises, as well as a section on how social business can change communities.

Buy with confidence from a book distributor you can trust – Amazon, and help your local community charity SEC…and get your enterprise idea in gear too!

Getting to grips with your cash?

graphPic4Community Accountancy Self Help is a Lottery funded charity which works to develop best practice and good management for community groups and small charities.

They are based in London, but thanks to the power of the ‘inter-web thing’ you can read and review their very useful Cash Facts information sheets online.

Covering everything from having a policy about reserves for your organisation, basic book-keeping, risk and quality systems, as well as finance reporting to your governing body.

The Cash Facts page is a great resource for small community organisations. You can read more here.

Alongside the Cash Facts documents is a Cash Words page  – full of useful explanations for those new terms you come across when growing your community finances. A real jargon-buster.

(If you do use these fact sheets to improve or train members of your organisation – honour the copyright request from CASH and drop them an email to let them know…) 

We liked the pages! A great online resource for your Treasurer.