Legal & General Property (LGP), on behalf of its Legal & General UK Property Fund, has bought a portfolio of three care homes from the Careplaces Fund, the specialist healthcare property fund managed by Bridges Ventures in partnership with care home developer Castleoak for £25.2m. Read the article
Read moreBirmingham City Council has launched a new child fostering placement scheme that is being run by Core Assets Group with funding from Bridges Ventures. Read the article
Read moreLegal & General Property (LGP), on behalf of its Legal & General UK Property Fund, announces that it has successfully acquired a portfolio of three care homes from the CarePlaces Fund, the specialist healthcare property fund managed by Bridges Ventures in partnership with care home developer Castleoak. Purchased for a total consideration of £25.2 million, […]
Read moreA pioneering new foster placement scheme has been launched in Birmingham, supported by a Social Impact Bond (SIB). Following a competitive tender process, Birmingham City Council selected Outcomes for Children, a social enterprise within Core Assets Group, to deliver the service, with funding from Bridges Ventures’ Social Sector Funds. Nationally, too many young people grow […]
Read moreIn the UK, a ‘social business frontier’ is emerging between pure social and pure business, containing organisations that combine and align both financial and social goals. In this report, Bridges Impact+ provides a framework to understand which businesses are delivering social impact, whether they are protecting that impact and how well that impact is protected. […]
Read moreAfter two years of research the authors of a new book say they’ve identified a dozen funds that stand out in terms of both their impact on society and their financial performance. Read the article
Read morePioneers Post covers the new report launched by Bridges Ventures and Bank of America Merrill Lynch, ‘Choosing social impact bonds: a practitioner’s guide’, and discusses some of its findings. Read the full Pioneers Post article here.
Read moreBank of America Merrill Lynch and Bridges Ventures have published a report reviewing global activity around SIBs. It argues that the sources of revenue and capital on offer via SIBs should be from previously untapped sources, if service providers are to grow their services. Read the article
Read moreBank of America Merrill Lynch and Bridges Ventures issue Choosing social impact bonds: A practitioner’s guide With 26 social impact bonds (SIBs) currently in operation and dozens more in development globally, the sector is attracting increasing interest from investors seeking to align their values with their investments. In light of this significant global momentum, a new report […]
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Read moreLow-cost exercise chain, The Gym Group, could be set for rapid expansion in the UK and Europe as technology-led gym design takes off, writes Oliver Duggan in the Telegraph. The exercise chain, one of the country’s best-known affordable gym providers, last month looked set for a £300m merger with Pure Gym. The Gym pioneered the […]
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