In April 2012, UK Prime Minister David Cameron launched Big Society Capital, a £600 million bank that aims to help grassroots charities and social enterprises by supporting intermediaries, such as venture philanthropy organizations, that provide the charities and social enterprises with finance and support. In its first tranche of funding, Big Society Capital provided £450,000 to a joint project of ThinkForward Social Impact and Private Equity Foundation to create a social impact bond to...

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