Social Finance Round Up: Social Finance Fund Launched in UK

 SocialFinance.ca produces a weekly round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the week of July 25, 2011. Note: Since this Monday’s Round Up was dedicated to Canadian news, here’s a selection of the best on the web around social finance in the last week.

International News

The Big Issue Social Enterprise Investment Fund was launched in London to fill the growth capital gap for social enterprises, targeting £10m in total funding.

In UK, Minister for Civil Society Nick Hurd announced a £10m Investment and Contract Readiness Fund to help charities and social enterprises win investment and public service contracts. (Social Enterprise Live) 

Nonprofit Finance Fund (NFF) has been awarded $1.5 million by the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to support nonprofits providing critical services in economically disadvantaged communities.

SOCAP11 announced its Tweetchat schedule in the lead up to the mega social capital conference in September in San Francisco; mark your calendars now!

Santa Clara University, in partnership with the Aspen Network of Development Entrepreneurs, released a new report earlier today: Coordinating Impact Capital: A New Approach to Investing in Small and Growing Businesses. The research project aimed to unearth actionable suggestions for the social impact community, and identify market mechanisms that can increase the efficiency of invested capital. (Download report, PDF)

A new report published by Clann Credo in Ireland says that social fiance is filling the vacuum created by a fall in bank lending. The report, titled From the Ground Up – How Social Finance can help Communities Regenerate & Create Jobs, explores the role of the social economy in recovery and its potential to create jobs. (Download report, PDF)

TIAA-CREF (Teachers Insurance and Annuity Association and College Retirement Equities Fund) released its 2011 Socially Responsible Investing Annual Report, which describes the organization’s work in the socially responsible investment space. (Download report, PDF)

Learning and Best Practices

Richard Blackwell interviewed Michael Jantzi, founder of the Jantzi Social Index and CEO of Sustainalytics, taking a close look at socially responsible investing. (The Globe and Mail)

Jed Emerson, the man behind the blended value concept, talks about the hype around impact investing and cautions that there is much more to be done. (NextBillion)

Kyle Westaway gets interviewed by Rachel Signer on the potentially revolutionary impact of Benefit Corporations and the power of social enterprise for creating good. (Dowser)

Micol Pistelli, Social Performance Program Manager at the Microfinance Information Exchange, talked to Valerie Artese about the value of social performance reporting and management, reflecting the increased focus on social impact metrics. (Microfinance Focus)

Martin Herrndorf wonders whether measurement is really as important as it is purported to be in the current social entrepreneurship and impact investing space. (NextBillion)

Cathy Clark of Duke University talks to Erin Worsham about lessons gleaned after attending the Impact Economy event convened by the White House and the Aspen Institute in late June.

Dr. Francois Bonnici, a South African impact investor who founded the African Social Entrepreneurs Network, gets profiled and talks about the art of impact investment in Leadership.

Oli Henman states that the European Union needs to establish an enabling environment for social investment, as the pure pursuit of profit has failed. (The Guardian)

Upcoming Events

Panel: “Pursuing Profit and Purpose: The Debate in California’s Statehouse and What it Means for Us”
Free Admission; July 21st, 2011, San Francisco

Acumen 101 by Toronto for Acumen
August 2, 2011, Network Orange, 221 Yonge Street, Toronto

SOCAP 11: At the Intersection of Money and Meaning
September 6-9, 2011, Ft. Mason Centre, San Francisco

Workshop: Call for Participation:”Socially Responsible Investment and Canadian Extractive Industries”
September 10-11, 2011, University of British Columbia (UBC)

Impact Investing Summit
September 20-21, Washington D.C.

International Forum on the Social and Solidarity Economy (FIESS) (Program)
October 17-20, 2011, Palais des congres, Montreal

Did we miss any news, insights, or events? Use the comment form below to add to this round up. Photo credit: http://www.flickr.com/photos/benimoto/603815615/

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