The Big Lottery Fund has today announced a £300,000 fund to help recipients of social investment in England produce a report detailing their social impact.
The Kick-Starter fund aims to assist organisations to demonstrate the effectiveness of their work in order to attract further investment to help them continue or scale up.
From May 2013, England-based social businesses and those behind social investment products such as charitable bonds will be able to apply to BIG’s £299,975 Kick-Starter fund to pay for the development of a social impact report.
The assessment process will be supported by social investment intermediary CAN and all reports approved by an independent adjudicator and then posted on a website to be developed by the forthcoming Social Stock Exchange.
This new website aims to plug a gap in the social investment market and ultimately support social businesses and charities to achieve greater social impact.
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