What we are doing and how we are supporting our partners
Like many other organisations, we are responding to the coronavirus pandemic and its devastating human and economic costs on communities around the world. It is clear to all of us that the world in which we used to operate in will be very different after the events of 2020.
Our main focus is to help more money reach those most in need during these challenging times. Small businesses, social enterprises, and charities are vital in providing services to those hit hardest, like the elderly, victims of domestic violence, or children living in poverty. Unfortunately, these organisations are often struggling to access much-needed emergency funding.
In the UK, we are working with Social Investment Business, Big Society Capital and others on two emergency lending facilities aimed at providing much-needed finance to charities, social enterprises, and small businesses in disadvantaged parts of the UK. We are in conversation with high street banks and other investors to contribute to those emergency loan schemes.
On a global level, we are working with our impact investment colleagues around the world who, like us, are members of the Global Steering Group for Impact Investing. Most are dealing with exceptionally challenging circumstances as the virus is taking hold in more countries in Sub-Saharan Africa, South Asia, the Middle East and Latin America.
Going forward, we will continue to share resources and updates on coronavirus funding and host regular webinars, which will be advertised here on our website, through our email updates, which you can sign up for, and on social media. You can follow us on Twitter and LinkedIn.
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- European Venture Philanthropy Association: Global webinar series to share lessons and philanthropic responses to the coronavirus pandemic.
- The Fuqua School of Business Capital Relief Resource: Global database of 90+ resources representing more than $14 billion of capital for-profit and nonprofit entrepreneurs at risk due to coronavirus. The best part: You can find local resources depending on where you are.
- Bates Wells Coronavirus Insights & Webinars: Legal resource hub for organisations, employers, and employees.
- Big Society Capital: Information hub for social investors.
- Charities Aid Foundation Coronavirus Emergency Fund & Philanthropy Hub: Emergency fund for small charities and philanthropy hub for those who want to support them.
- Charity Bank: COVID-19 resource hub and information on emergency funding for charities and social enterprises.
- Good Finance Resource Hub: Useful information for charities and social enterprises navigating COVID-19.
- Greater Manchester Centre for Voluntary Organisation (GMCVO): Funding resources for the voluntary, community and social enterprise sector support and development organisations in the Greater Manchester area.
- Institute of Fundraising: Guidance for the fundraising community including a series of blogs on how to navigate fundraising against the backdrop of the coronavirus outbreak, more general guidance around its impact on fundraising practices, and a list of coronavirus emergency fundraising resources.
- London School of Economics: The Better Together platform aims to capture and inspire action by companies to work with government, civil society and communities on COVID-19 and other issues across the world.
- New Philanthropy Capital Resource Hub: Guide on how philanthropists can respond to coronavirus.
- Philanthropy Impact Guide for Donor: Weekly guide with information on funding options for private individuals looking to donate funds to organisations tackling the COVID-19 pandemic in the UK.
- Resonance: COVID-19 resource centre for social enterprises.
- School for Social Entrepreneurs: Information and resource hub that includes funding and finance opportunities for social enterprise, charity, community business or impact organisation.
- Social Investment Business: List of UK government support available as well as other funding opportunities (e.g. The Resilience & Recovery Loan Fund) for social purpose organisations.
- Social Investment Scotland: Resource and support hub for social enterprises.
- The Beacon Collaborative: An overview of how British philanthropists and the UK philanthropic sector is responding to the COVID-19 pandemic.
Articles & Press
In my first blogpost of the international series, I suggested that “resilience” should be our new North Star as impact-minded investors – the guiding principle to ensure that we build sufficient resource capacity to absorb adversity and avoid a slide into economic, social and health despair. COVID-19 has laid bare structural and systemic inequities.
The coronavirus pandemic has raised important questions for the global impact investing community. How can we, as impact investors and advocates, be most helpful in supporting communities respond, recover, and build resilience to future crises? How does the pandemic affect our ability to achieve the Sustainable Development Goals?
It has been a couple of weeks since we first updated you about our response to the coronavirus crisis, our activities since our launch in November and our plans for the coming months. The human and economic cost of this pandemic has been devastating for individuals, families and businesses and we are likely to experience the aftershocks for a very long time.
With the social and economic repercussions of COVID-19 affecting every corner of the globe, impact investing offers a pathway to building a more resilient future for us all. Resilience is our new north star – the guiding principle that will ensure that we build sufficient resource capacity to absorb adversity and avoid a slide into economic, social and health despair.
We all have pictures and voices in our minds from the last few weeks. For me, the most persistent image is of the migrant workers forced to leave Delhi after lockdown was imposed and walk hundreds of miles back to their home towns, often with no money and nothing to eat.
Small businesses, social enterprises, and charities are vital to our communities. They are also hit hardest by the current coronavirus pandemic and are struggling to access much needed emergency finance to survive this crisis. We put together some useful funding resources for social purpose organisations and investors.
Press Release: £100 million response announced to help social sector organisations through the coronavirus crisis
An ambitious £100 million programme of loans and investment is announced today to help get much-needed emergency funding to social enterprises, charities and small businesses in disadvantaged areas affected by the coronavirus pandemic.
It is four months since the Impact Investing Institute had its official launch in Sheffield and London, and like everyone else, we are responding to the coronavirus pandemic and its devastating human and economic costs on communities around the world.