Better Society Capital (BSC) has achieved a significant milestone, reaching over £1 billion in investments since its inception in 2011. Funded by dormant bank accounts and contributions from major banks, BSC has invested in numerous charities and social enterprises, thus generating returns for further investment. The organization has successfully attracted nearly £3 billion in additional funding for vital services, particularly in housing, youth support, and healthcare. CEO Stephen Muers emphasizes the importance of sustainable capital recycling and highlights the growing trend of investment in social impact, particularly housing for those at risk of homelessness.
"It shows the value of recycling capital and being sustainable. It is testament to the model. There are more investors seeing the potential to realise social impact alongside financial returns."
"The number of people in precarious housing situations continues to grow - with around 100,000 families currently in temporary accommodation. Larger investors like local government pension schemes are stepping in, helping scale the solution."
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