- Social impact investor, Big Issue Invest reports supporting 140 social enterprises across the UK with investment in 2022/23
- In turn, these investees supported 1.5 million people across the UK
- 94% of investments contribute to core solutions to poverty, extending the wider mission of the Big Issue Group
Today (Wednesday, 8th November) Big Issue Invest (BII) has launched its 2022-2023 Impact Report.
The report revealed that the social investment arm of The Big Issue supported 140 social enterprises across the UK and had £45 million Assets Under Management (AUM) as of 31 March 2023.
The report detailed how, in turn, those 140 social enterprises were able to support 1.5 million customers across the UK in the same period. 94% of investments made by BII contribute to core solutions to poverty, extending the mission and work of the Big Issue Group.
The organisation also reported that, of BII’s total investment portfolio, nearly two thirds of investees are based in high areas of deprivation, with almost 70% delivering impact at a local level, whether within their community, local authority or multiple local authorities, according to the UK Index of Multiple Deprivation.
As detailed in the report, 12% of investees are specifically working with persons of an ethnic minority group, marginalised gender and/or from LGBTQIA+ community.
9 out of 10 investees supported by BII have experienced improvement in their organisations’ impact as a result of BII’s support and investment.