Big Society Capital plans to invest between £75m and £100m into social investors this year.
To date, Big Society Capital has committed £56m to 20 social investment projects, including six social impact bonds and a number of funds for social enterprises and charities.
Nick O’Donohoe, chief executive of Big Society Capital, said it was targeting up to 20 new investments in 2013, committing between £75m and £100m.
O’Donohoe said: “In 2013 we believe that, as a result of our establishment, front line social organisations will begin to notice a real difference in their ability to access capital. There will be more dedicated pools of capital.
“There will be more social investment professionals who can originate and structure transactions. There will be greater standardisation and consistency in social impact bond programmes and more money available to fund charities wishing to participate in these outcome-based programmes.”
Big Society Capital expects to receive £600m of capital over the next five years from dormant bank accounts and from equity investment by four high-street banks.