Big Issue Invest

What Does Diversity In Social Investment Look Like

Big Issue Invest Deputy Chief Executive, Daniel Wilson-Dodd weighs in on the diversity within our social investment portfolio.

There’s an elephant in the room, mainstream investors have a problem backing women.

Recognising this, HM Treasury has launched an initiative to promote gender equality through an initiative called  Investing in Women Code. Investing in Women Code is a commitment by financial services firms to improving female entrepreneurs’ access to tools, resources and finance. While familiarising ourselves with the initiative, we saw this a fitting time for Big Issue Invest to pause and reflect on our own company culture.

Kevin and I have been helping manage our Impact Loans England Fund. The fund launched in December 2016 and has made 121 loans totalling £7.1m. You can find out some of our learnings from lending to social enterprises in the article linked below:

Impact Loans England – Two Years On

When I self-audited our portfolio of investees, I found that almost 50% are investments were into female-led enterprises. This says a lot about the Big Issue culture. We haven’t set out to back female entrepreneurs as a part of our pillars of ‘social responsibility’. We simply back people doing good things and around 50% of the people with good ideas looking for investment happen to be women.

Interestingly, we did focus on investing in geographic areas ignored by mainstream finance. The vast majority of our investments are outside of the South East of England and in the most deprived areas throughout the country. Those entities are perceived to be higher risk by lenders. But by doing so, our investee portfolio better reflects our world – in terms of gender balance, ethnicity and background.

Natalia Fernandez is managing our follow up fund to Impact Loans England, the imaginatively named Impact Loans 2, which will provide loans of between £10,000 to £150,000 to social enterprises in England. In Scotland, Kieran Daly has launched the second round of Power Up Scotland, an accelerator program for social enterprises.

Both funds are open for applications now:

Impact Loans England 2 

Power Up Scotland

I’m sure as we move forward with our goal in sight, our investees will continue to reflect the UK community.

Change a vendor's life this Christmas

This Christmas, 3.8 million people across the UK will be facing extreme poverty. Thousands of those struggling will turn to selling the Big Issue as a vital source of income - they need your support to earn and lift themselves out of poverty.

Recommended for you

Read All
Brixton Village’s Black Farmer receives £250k investment from fund for underrepresented entrepreneurs
Wilfred Emmanuel-Jones, aka The Black Farmer, in his Brixton farm shop.
Big Issue Invest

Brixton Village’s Black Farmer receives £250k investment from fund for underrepresented entrepreneurs

The right and wrong reasons to borrow: A guide for social purpose organisations seeking funding
Big Issue Invest

The right and wrong reasons to borrow: A guide for social purpose organisations seeking funding

School pupils running social enterprises spotlighted by Big Issue
Press Release

School pupils running social enterprises spotlighted by Big Issue

Why social impact is needed in ESG
Big Issue Invest

Why social impact is needed in ESG

Most Popular

Read All
Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits
Renters: A mortgage lender's window advertising buy-to-let products
1.

Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal
Pound coins on a piece of paper with disability living allowancve
2.

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal

Cost of living payment 2024: Where to get help now the scheme is over
next dwp cost of living payment 2023
3.

Cost of living payment 2024: Where to get help now the scheme is over

Citroën Ami: the tiny electric vehicle driving change with The Big Issue
4.

Citroën Ami: the tiny electric vehicle driving change with The Big Issue