We are delighted to share the news that BBRC has won the Social Investment Deal of the Year Award at the UK Social Enterprise Awards 2016, held last night at the Grand Connaught Rooms in London.
The award recognised the deal we did last year with South Bristol Sports Centre, incorporating Social Investment Tax Relief (SITR) and bringing together various local investors such as Bristol Credit Union and Resonance in an innovatively-structured bond offer. The bond raised finance for the Centre to build 6 new five-a-side football pitches, allowing them to generate a sustainable revenue stream, as well as increasing their social inclusion programmes.
The national competition recognises excellence and outstanding achievements by social enterprises – businesses that reinvest their profits for good, benefitting people and planet. There are now more than 70,000 social enterprises in the UK, contributing £24 billion to the economy each year.
Chief Executive Ed Rowberry said “We’re delighted to be recognised for our work with South Bristol Sports Centre and are grateful to all of the investors who took part in the first structured charity bond to involve Social Investment Tax Relief (SITR)”
The annual celebration of British social enterprises was hosted by two time Edinburgh Comedy Awards Finalist, Nish Kumar. The ceremony was attended by leading UK social enterprises, representatives from large corporates and the Minister for Civil Society, Rob Wilson MP.
The Awards were organised by Social Enterprise UK, the national trade body for social enterprise. BBRC and the other winners were presented with bespoke trophies made by the social enterprise, Designs in Mind, which employs people with mental health problems.
Peter Holbrook CBE, Social Enterprise UK’s Chief Executive, said:
“Year on year the UK Social Enterprise Awards get bigger and better. This year the competition was particularly fierce, so a big congratulations to Bristol & Bath Regional Capital for taking home a trophy.
In a year that’s been dominated by political uncertainty, divisions and inequalities, hearing the stories behind the winners and all the finalists has been a breath of fresh air. Social enterprises show that another way of doing business is possible, one that puts people and the planet first. Because they’re free of shareholders they’re able to reinvest their profits for good.”
Watch Bristol and Bath Regional Capital’s Awards nomination film here.