Social Finance

As champions of purpose & impact, social finance has been close to our hearts for over two decades.

If you’re thinking of making a social investment, or if you’re a civil society organisation or purposeful business raising finance, we can help.

We have a deep understanding of the issues faced by those seeking to make – or raise – investments which not only provide a financial return, but create positive value for society as well.

How we can help

Most social finance transactions call for a tailor-made approach, to honour the integrity and social purpose of the organisation receiving investment. Our advice centres around this.

We don’t just advise on the law in this field, we shape policy and the most significant developments around it. We made the argument for the creation of the statutory social investment power for charities, worked with Government on the design of social investment tax relief, and structured key institutions such as Big Society Capital, Social Finance and Charity Bank.

If you’re an investor, an intermediary or a civil society organisation looking for advice on your social investment activities, we can give practical, bespoke advice.

We can support you in structuring and documenting the whole spectrum of social finance transactions and activities. This includes investments in the form of loans (secured and unsecured, senior or subordinated), equity, quasi-equity (including revenue participation and royalties), investment funds, crowdfunding and others.

We can also support you in navigating through the legal and regulatory issues that may arise from your investment, including charity law issues, FCA regulatory considerations and related constitutional and governance issues.

Meet our team
You May Also Be Interested In

Fuelling positive change: NCVO launches new campaign encouraging charities to divest from fossil fuels

NCVO has launched a campaign encouraging charities to ‘consider moving investments away from businesses involved in the extraction, production, transportation, refining and marketing of fossil fuels. Examples of these are coal, tar sands, oil and gas.’ NCVO will be hosting a series of events over the Autumn to explore the ways in which charities can …
Read more

Bates Wells advises Ripple Energy on £20m co-operative share raise

Bates Wells has advised on the £20m co-operative share offer to fund Ripple Energy’s third project. The transaction is likely to be the largest ever UK co-operative share offer achieved in a single raise and will enable construction of the c.40MW Derril Water solar park in Devon. When built, the solar park will have about …
Read more

B Corps: What should you be asking your banks?

We surveyed our B Corp network to understand their borrowing habits, and how important their bank’s ESG credentials are to them. While many B Corps don’t borrow from an impact-focused lender, they see their lenders as an important part of their supply chain. Here’s what we learned. Following the research, we asked Dave Waters, Executive …
Read more

What ESG lessons can businesses learn from impact investing firms?

Nirav Patel, our new Corporate Partner, shares some thoughts on how businesses can learn Environmental, Social and Governance (“ESG”) best practice from impact investing firms. Nirav Patel is a corporate partner at Bates Wells and has experience advising on Corporate M&A (including with deals featuring international / cross-border elements), Corporate Real Estate M&A, corporate structuring …
Read more

Bates Wells advises Ripple Energy on large UK co-operative share offer

Bates Wells has advised on the £13m co-operative share offer to fund Ripple Energy’s second wind farm – the largest ever UK co-operative share offer achieved in a single raise (now superseded by Ripple Energy in 2023) – and will enable construction of an 18.8MW wind farm in Scotland. Owning shares in a Ripple wind …
Read more