Download the Third Sector iPad edition

Social finance sector needs 'fundraisers', says Big Society Capital boss

Nick O'Donohoe tells New Philanthropy Capital event the 'plumbing' needs to be improved

Nick O'Donohoe
Nick O'Donohoe

The social finance sector needs its own fundraising department to attract outside investors, Big Society Capital chief executive Nick O’Donohoe told a round-table discussion today.

Speaking at an event hosted by the think tank New Philanthropy Capital, O’Donohoe said there was a lot of interest in social investment from private banks, institutional investors and high net worth individuals, but the sector needed specialists to persuade those groups to invest.

"You need a sales department," he said. "In the private sector we called them capital raisers. The voluntary sector might call them fundraisers.

"You need people with whom investors become comfortable, who they speak to on a regular basis, who can understand their needs and who eventually show up with a pitch."

O’Donohoe said this was one of the most important needs for the sector. The sector also needed to take a number of other steps "to build up the plumbing needed before the tap can be turned on".

He said the sector needed to decide on a system of impact measurement to make it easier for investors to compare investments and measure the social return they received, and that this system should share as much as possible with the system adopted in the US.

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

Forthcoming Events

Charity Accountants' Conference

  • Thu 18 Sep 2014 - Fri 19 Sep 2014
  • Bristol

2015 and beyond - are you ready for the latest social media and digital trends?

  • Wed 24 Sep 2014
  • London

Introduction to web design

  • Fri 26 Sep 2014
  • Winchester
RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Advice on risk from a specialist insurer

How to reduce theft at your charity

Maximising security on your premises, using deterrents such as SmartWater and ensuring computer systems are secure can all prevent a theft occuring, says Wendy Cotton, a charity insurance expert at Markel

Renting a property: how to minimise the risks

Managing the risks that come with renting a property can make the difference between a charity thriving or failing

Download the Third Sector iPad edition