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.

Free eNews

BeatBullying lost out on major funding sources in 2013

30 Oct 2014

The BeatBullying Group lost out on major sources of funding in 2013, exacerbating its cashflow problems,...

St Mungo's staff plan new ten-day strike

30 Oct 2014

Staff at St Mungo’s are planning to strike again for ten days from next Wednesday in further protest...

Commercial auditor joins Charity Commission board

30 Oct 2014

The Charity Commission has appointed an experienced commercial auditor to replace former board member...

Homelessness charity breaks ties with founder's estate agency after complaint to Commission

31 Oct 2014

Trustees for homelessness charity House the Homeless have stopped referring clients to the founder's estate...

St Mungo's staff plan new ten-day strike

30 Oct 2014

Staff at St Mungo’s are planning to strike again for ten days from next Wednesday in further protest...

Acevo announces Lord Low is chairing a commission on sector regulation

30 Oct 2014

The chief executives body Acevo has set up a commission on sector regulation that will assess whether...

BeatBullying's technology CIC has not filed accounts with Companies House

22 Oct 2014

A software community interest company set up by the BeatBullying Group in 2012 is almost a year late filing...

Blackbaud launches online giving platform for individual fundraisers

17 Oct 2014

Blackbaud has launched its online giving platform, everydayhero, for fundraisers in the UK in a bid to...

Don't dismiss social media 'slacktivists', fundraisers told at IFC

16 Oct 2014

Charities should embrace and love charity ‘slacktivists’ because social is a great ramp for new donors,...

Join the discussion

Twitter button

@CSFundraising