Annual review reveals profits down to £4m in challenging economic landscape, but CEO insists investing in social impact makes “good business sense” even in difficult times.
Steady social investment market growth “on track” to meet Big Society Capital’s target of £10bn to £15bn by 2025, although current economic crisis could threaten further growth.
One of the UK’s first impact investment specialists, and once describing itself as “Europe’s leading impact investment bank”, ClearlySo went into administration at the end of 2021, owing more than £10m to creditors and shareholders.
BSC says it wants to hit £15bn of social investment by 2025. Stephen Muers tells us why that means going beyond “small and fiddly” investments, why dormant assets cash may not be needed – and why recent criticism isn't a reason to change course.
Alternatives to traditional bank lending have scaled 20-fold to £3,388m from £169m in just eight years, with property funds and non-bank lending on the up, reveals annual market update from the UK’s impact investing wholesaler.
