Social impact

According to estimates from the latest market survey by Big Society Capital, the size of the country’s social impact investing sector is now £9.4bn, with £1.8bn committed in 2022 alone.

Snowball has invested in the recently closed Aristata Impact Litigation Fund which supports legal action by under-resourced groups, while achieving uncorrelated financial returns 

Launched in 2020 as a joint venture of Resonance and Patron Capital, the fund has provided safe, secure and stable homes to over 120 women and children.

The Council of Europe Development Bank identifies five projects to receive financing in the areas of affordable social housing, education and training, microfinance and social enterprise finance. 

Impact bonds and social inclusion bonds are being used to help tackle the challenges encountered by millions of refugees and their host communities.

A group of clerics, impact investment specialists, academics, journalists and activists are to advise the church on establishing the fund, which will focus to a large degree on investments in communities affected by historic slavery. 

The mobility-as-a-service startup has raised a total of £5m (€5.8m) to help staff at UK companies facing a lack of public transport infrastructure commute to work by accessing shared taxi and bus services.

The fund, developed by Aristata Capital, supports commercial litigation with high impact social and environmental outcomes brought by claimants with limited financial resources.     

The Belgium-based fund is investing in a dozen companies that aim to achieve systemic changes in environment, skilling & education, and health sectors.

Fund managers Fount have invested in Indian ready-made garment manufacturer Progress Apparels and Bangladeshi cotton yarn and denim fabric producer Sri Kannapiran Mills.