Share

Deutsche Bank launches £10m social investment fund

Deutsche Bank launches £10m social investment fund
News

Deutsche Bank launches £10m social investment fund

Fundraising | Celina Ribeiro | 7 Nov 2011

Deutsche Bank has become the first investment bank to launch a UK social investment fund, in a move it predicts could help create a whole new asset class.

The bank today announced its £10m Impact Investment Fund which will act as a fund of funds, working with portfolio managers to invest in social projects which have a financial return. Deutsche Bank said that the launch of the fund could help establish the UK as a social investment “hub”, and “pave the way for a new asset class”.

The fund will seek out social businesses with growth capacity, and plans to invest in such businesses over the next three years and more than cover its outlay in ten years. At launch, the bank identified preventative health treatment, long-term care and rehabilitative skills and training as possible areas of investment. Bankers will also be released to advise social entrepreneurs on their business.

Colin Grassie, chief executive of Deutsche Bank UK, said, “Deutsche Bank will help to create a new asset class that we hope will attract a wide range of investors and deliver a significant amount of money to social enterprise.

“We believe that with sufficient backing from financial institutions prepared to invest not just with money but time and skills as well, a new sector of socially responsible businesses can emerge.”

The move comes just a week after charity Scope launched its own social bond and only months after the minister for civil society Nick Hurd indicated he expected commercial players to start to take an interest in the social investment field. 

Comments

[Cancel] | Reply to:

Close »

Community Standards

The civilsociety.co.uk community and comments board is intended as a platform for informed and civilised debate.

We hope to encourage a broad range of views, however, there are standards that we expect commentators to uphold. We reserve the right to delete or amend any comments that do not adhere to these standards.

We welcome:

  • Robust but respectful debate
  • Strongly held opinions
  • Intelligent relevant discussion
  • The sharing of relevant experiences
  • New participants

We will not publish:

  • Rude, threatening, offensive, obscene or abusive language, or links to such material
  • Links to commercial organisations or spam postings. The comments board is not an advertising platform
  • The posting of contact details for yourself or others
  • Comments intended for malicious purpose or mindless abuse
  • Comments purporting to be from another person or organisation under false pretences
  • Gratuitous criticism, commentary or self-promotion
  • Any material which breaches copyright or privacy laws, or could be considered libellous
  • The use of the comments board for the pursuit or extension of personal disputes

Be aware:

  • Views expressed on the comments board are left at users’ discretion and are in no way views held or supported by Civil Society Media
  • Comments left by others may not be accurate, do not rely on them as fact
  • You may be misunderstood - sarcasm and humour can easily be taken out of context, try to be clear

Please:

  • Enjoy the opportunity to express your opinion and respect the right of others to express theirs
  • Confine your remarks to issues rather than personalities

Together we can keep our community a polite, respectful and intelligent platform for discussion.

Charities are not doing enough to defend themselves over pay, conference hears

1 Jul 2015

Charities are not doing enough in response to attacks on chief executive pay, a Directory of Social Change...

VAT tribunal judgment on investment management fees worth tens of millions to the sector

30 Jun 2015

Charities should be able to reclaim VAT on investment management fees, a tribunal has ruled, in a move...

St John Ambulance records first operating surplus in seven years

30 Jun 2015

First-aid charity St John Ambulance has recorded its first operating surplus in seven years, as its income...

Breast Cancer Now loses a quarter of its staff after merger

30 Jun 2015

Breast Cancer Now has reduced staff numbers by a quarter since the merger, through a mix of redundancy...

Charity ordered to seek advice on reclaiming £130,000 missing funds from former trustee

30 Jun 2015

A charity has been ordered to seek independent advice on reclaiming £130,000 of missing income after...

Trustees must answer to the public over high chief executive pay, says minister for civil society

29 Jun 2015

Trustees must do more to give the public confidence in charities, and must make sure charitable donations...

Contactless donations set to soar, CAF study suggests

24 Jun 2015

There is a “massive future” for charity donations using contactless payment technology, according...

RBG Kew denies pressuring TripAdvisor into deleting hundreds of negative reviews

22 Jun 2015

Kew Gardens has denied claims that it pressured travel site TripAdvisor into deleting negative reviews...

JK Rowling charity scoops top prize at Charity Awards 2015

19 Jun 2015

A charity set up by JK Rowling ten years ago to close children’s institutions and orphanages in developing...

Join the discussion

Twitter button

@CSFundraising