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

Northern Rock Foundation says closure 'inevitable'

22 Apr 2014

The Northern Rock Foundation will close after it failed to reach a funding agreement with Virgin Money,...

HMRC doubles scrutiny of charity gift aid claims following Cup Trust

22 Apr 2014

HM Revenue & Customs more than doubled the number of investigations into claims for gift aid in the...

DFID announces UK's first development impact bond

17 Apr 2014

The UK is to launch the first development impact bond - an international version of the social impact...

Shawcross terror warning in national press

22 Apr 2014

Terrorist abuse of charities is “potentially the most deadly” problem the Charity Commission faces,...

Husband and wife jailed for three years for charity theft

22 Apr 2014

The former chair of Lincoln and District Mencap and his wife have both been jailed for fraud and theft...

Paula Sussex to be the next Charity Commission chief executive

17 Apr 2014

Paula Sussex, senior vice president, public sector of CGI, has been appointed the new chief executive...

'Technology can offer charities more than just online donations'

10 Apr 2014

Charities are focusing too much on using digital tools for fundraising instead of how technology can be...

Amnesty calls for 'full and frank disclosure' on alleged US surveillance

9 Apr 2014

Amnesty International has warned that alleged mass surveillance by the American intelligence agency NSA...

Virgin Money Giving launches app following year of growth

1 Apr 2014

Virgin Money Giving has launched an app for users after reporting that 30 per cent of traffic to its platform...

Join the discussion

Twitter button

@CSFundraising