Guest Profile

Nick Temple

CEO

About Nick Temple

Nick joined Social Investment Business (SIB) in January 2018. SIB helps charities and social enterprises get the money and support they need to improve people’s lives. Since 2002, SIB has provided over £400m worth of loans and grants to charities and social enterprises, and enabled 700 organisations to become more resilient through business support programmes.

 

Previously, Nick was Deputy CEO at Social Enterprise UK, where he helped treble membership numbers, develop the Buy Social Corporate Challenge, and oversaw its research function, including the State of Social Enterprise report. Before that, he was Director of Policy & Communications at the School for Social Entrepreneurs, and led the expansion of their social franchise across the country.

Nick is on the board of Social Value UK, the UK National Advisory Board for Impact Investing, Charity Bank’s Social Sector Advisory Panel, Big Issue Invest’s Investment Committee, and the Diversity Forum for Social Investment.

Episode Overview

CEO of the Social Investment Business, Nick Temple, joins Alberto Lidji to discuss their quest for impact and the various ways in which they support social enterprises and charities.

 

The Social Investment Business (SIB) has been around for approximately 20 years.  From 2002 to 2010 they did £320m worth of investments into a whole range of organisations.  More recently, they’ve added grant-making and business support to their range of activities.

 

Their world has changed over the past 20 years, with many new players active in this field compared with just a handful that were active when they first launched.  Nick notes that this is a good thing – the space is more mature and there are a higher number of specialist funds out there and more support available that is better targeted and specialised, based on things such as geography and thematic areas of operation.

 

The Social Investment Business provides debt/loans, grants and business support – they always try to find the right blend. While, traditionally, most of their investments have been in the form of debt, more recently they’ve been doing grants, including grants for business support.

 

Nick sheds light on the nature of their various funds and the debt, grants and support they provide. He then proceeds to delve into the ‘Spectrum of Capital’ – from social investing and impact investing to ESG-integrated investing and traditional investing. [NB: ESG = Environmental, Social and Governance]

 

There is still much work to be done in terms of improving definitions in the world of social and impact investing.  There is also a healthy degree of scepticism when talking of impact investing: Nick referenced instances where ESG funds have simply been re-branded as 'impact funds', while in actual fact nothing had changed except for their name.  There’s a need for standards, and there is an obvious risk of ‘impact washing’ – as there was with ‘green washing’. Nick shares very useful insight on impact and how to interpret it.

 

Nick’s key takeaway: increasingly we’re thinking less about scaling individual organisations as part of what SIB does and more about scaling impact across the board. And so he thinks, increasingly as times are hard, people should be thinking about sustainable prosperity and strengthening organisations to make them resilient for whatever happens . He thinks that imposing scale on individual ventures and organisations may be something they look back on and slightly question why they had been doing that.

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Additional Resources

Nick Temple -- LinkedIn

Nick Temple -- Twitter

Social Investment Business -- Website

Social Investment Business -- Twitter

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