Big Society Capital Limited (BSC) is a social impact investor in the United Kingdom. Its mission is to grow the amount of money invested in tackling social issues and inequalities in the UK. It invests its own capital as well as enabling others to invest for impact too. The capital finances front-line social purpose organizations tackling everything from homelessness to mental health and fuel poverty, enabling them to grow and increase their impact. Social impact investment is about lending or investing money to achieve a social, as well as, financial return. BSC was the world's first social investment institution of its kind, conceived under Gordon Brown's Labour government, then established in April 2012 by the Cabinet Office of the Cameron-Clegg ministry. It launched as an independent organisation with a £600m investment fund. The investment fund comes from dormant bank accounts via an independent Reclaim Fund and four leading UK high street banks. The institution was set up as part of the Dormant Bank and Building Society Accounts Act 2008, which defined BSC as an organization that exists "to enable other bodies to give financial or other support to third sector organisations". A third sector or a social sector organisation is "a body that exists to assist wholly or mainly for society or the environment". More information...
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