Free standard shipping on all orders

Demystifying Social Finance and Social Investment book cover

1st Edition

Demystifying Social Finance and Social Investment

Edited By Paul Palmer, Mark Salway, Peter Grant, Jim Clifford Copyright 2021
    336 Pages 69 B/W Illustrations
    by Routledge

    336 Pages 69 B/W Illustrations
    by Routledge

    Social finance and social investment are not challenging concepts to grasp. They use commercial-style investment tools to create a social as well as a financial return. The application, however, is not always as straightforward. This book begins in the wider field of social finance but focuses primarily on social investment as a tool. The reader is helped to understand this from different angles: introducing social investment, discussing social investment and taking a "deep-dive" into it to bring it to life. This unique book takes the reader on a journey from first principles to detailed practical application.

    This book examines the policy context and asks why social investment has only recently become so popular, when in reality this is a very old concept. This is linked to the agenda of making charities more "business-like", set against the changing face of investment, as charities can no longer rely on donations and grants as guaranteed income. The work they do is more important than ever and social investment, used with care, offers a new opportunity that is further explored in this text. Mark Salway, Paul Palmer, Peter Grant and Jim Clifford will help readers understand how a small amount of borrowing, or a different business model focused away from grants and donations, could be transformational for the non-profit sector.

     

    1. Editor’s introduction

    2. How to use this book

      3. 　

      INTRODUCING SOCIAL INVESTMENT

    3. The purpose of this section: Introducing social investment

      4. Mark Salway

    4. The landscape of social purpose organisations

      5. Mark Salway

    5. What is social investment today? Definitions, sources, and types of investment

      6. Mark Salway

       

    6. Why do charities need new funding models?

      7. Mark Salway

    7. How did we get here? The very fine history of social finance

      8. Peter Grant

      7a. Case Study: Scope

    8. What do social purpose organisations and investors want from social investment? Matching supply and demand

      9. Mark Salway

      8a. Case Study: Bridges Evergreen Holdings

    9. Are we ready for social investment? Re-imagining charity business and operating models and governance principles

      10. Mark Salway

      9a. Case Study: Southmead Development Trust

       

    10. How do we begin thinking about social investment? The nine components of social investment. A model

      11. Mark Salway

      10a.Case Study: Big White Wall 　

      DISCUSSING SOCIAL INVESTMENT

    11. The purpose of this section: Discussing social investment

      12. Mark Salway

    12. The case for social investment, and how to ‘democratise’ capital

      13. Mark Salway and Nigel Kershaw

      12a. Case Study: Panahpur

    13. It’s all about the culture

      14. Jonathan Jenkins

      13a. Case Study: Inqo

    14. What do family offices and foundations want from social investment? Megan Preston and Gamil De Chadarevian

      15. 14a. Case Study: Charities Aid Foundation and St Mungos'

    15. Critiquing social finance: are there alternative models?

      16. Richard Hazenberg

      15a. Case Study: SASC (Social and Sustainable Capital)

    16. Impact measurement in social investment

      17. Abigail Rotheroe

      16a. Case Study: WSUP and Unilever

       

    17. Can social finance become sustainable?

      18. Craig Dearden-Philips OBE

      17a. Case Study: LendwithCare

    18. What about small charities and social investment?

      19. Leila Baker and Niamh Goggin

      19a.Case Study: Oomph!

    19. What does the future of social investment look like?

      20. Cliff Prior

      　

      　DOING SOCIAL INVESTMENT

    20. The purpose of this section: Doing social investment

      21. Jim Clifford OBE

    21. Social Investment: a practical outline

      22. Jim Clifford OBE

    22. Finding the right funding

      23. Jim Clifford OBE

    23. Structuring the deal

      24. Jim Clifford OBE

       

    24. The importance of due diligence

      25. Jim Clifford OBE

    25. Accounting for social investment

      26. Jim Clifford OBE

    26. Reporting on impact, and the importance of good data management

      27. Jim Clifford OBE

       

    27. Governance aspects of social investments

    Jim Clifford OBEAPPENDICES

    Appendix 1: 28 questions for social investment success

    Appendix 2: The language, terminology and nomenclature of social investment

    Index

    Biography

    Mark Salway FCA is a Chartered Accountant with over 20 years of finance experience in the charity sector. He has been Finance Director at several large charities, and also worked as a management consultant at both commercial and non-profit organisations – such as the UN, Age UK, the Wellcome Trust, and WSUP (Water and Sanitation for the Urban Poor) – and with the government.

    Mark was invited into Cass Business School, Centre for Charity Effectiveness (Cass CCE), to start its fledgling work

    on social investment and social finance. He led this successfully for five years. This eventually changed into focusing on financial sustainability and nonprofit business models. Mark currently runs the consulting services to charities at Moore Kingston Smith, a major UK accounting and advisory firm. He also runs several MSc modules at Cass Business School, where he is continuing his research work.

    Add to Cart