31 July 2024
Schroder BSC Social Impact Trust plc
Investor Update
The Board of Schroder BSC Social Impact Trust plc (the "Company"), which provides a unique investment opportunity to address UK social challenges, is pleased to announce the publication of its latest Investor Update.
Highlights
- A new £5 million commitment was made to Simply Affordable Homes in April 2024, managed by Savills Investment Management.
- A report on social outcomes contracts was recently published by ATQ Consultants for the Portfolio Manager, Better Society Capital. The report demonstrates that social outcomes contracts - a method of public service delivery which enables prevention - have saved the taxpayer £507 million in fiscal value alone since 2010.
- On 26 June 2024, the Company published its Quarterly NAV to 31 March 2024, reporting an 8.58% total NAV/share return since inception in December 2020 (2.54% annualised).
- Continued strong pipeline of new and follow-on High Impact Investments, allowing efficient re-deployment of capital as it is being repaid.
Full update and case studies
The full Investor Update contains two case studies demonstrating how the Company supports the frontline organisations it invests in and how they are generating a positive impact on the lives of people in the UK:
- Simply Affordable Homes: Delivering affordable homes for lower income households and people currently requiring social housing in the UK's areas of most need; and
- Turning Tides Social Outcomes Contract (Bridges Social Outcomes Fund II): Improving the emotional resilience and wellbeing of young people.
The Investor Update can be found on the website using the following link: https://schro.link/investor-update-july-2024
For further information, please contact:
|
Schroders | |
| Kirsty Preston (press) Natalia de Sousa/Sunny Chou (Schroder Investment Management Limited, Company Secretary) | 020 7658 1961 020 7658 6000 |
|
Better Society Capital | |
| Susanna Hudson, Investor Engagement | shudson@bettersocietycapital.com 020 3821 5905
|
| Winterflood Securities Limited | |
| Neil Langford
| 020 3100 0000 |
About Schroder BSC Social Impact Trust plc
The Company was launched in December 2020, with the objective to enable access to high social impact investment opportunities in private markets and to tackle social challenges across the UK. The Company aims to build a diversified portfolio across asset classes, targeting sustainable returns, demonstrable social impact, and low correlation to traditional public markets.
Further information about the Company can be found on its website at www.schroders.com/SBSI
About Better Society Capital
Better Society Capital is the UK's leading social impact investor. Our mission is to grow the amount of money invested in tackling social issues and inequalities in the UK. We do this by investing our own capital and helping others invest for impact too.
Since 2012, we have helped build a market that has directed more than £9 billion into social purpose organisations tackling issues from homelessness and mental health, to childhood obesity and fuel poverty, a more than ten-fold increase.
Further information about Better Society Capital can be found at www.bettersocietycapital.com
About Schroders plc
Schroders is a global investment management firm with £760.4 billion (€889.4 billion; $960.6 billion) assets under management, as at 31 March 2024. Schroders continues to deliver strong financial results in ever challenging market conditions, with a market capitalisation of circa £7 billion and over 6,400 employees across 38 locations. Established in 1804, the founding family remains a core shareholder, holding approximately 44% of Schroders' shares.
Schroders has benefited from a diverse business model by geography, asset class and client type. It offers innovative products and solutions across four core growing business areas; asset management, solutions, Schroders Capital (private markets) and wealth management. Clients include insurance companies, pension schemes, sovereign wealth funds, high net worth individuals and foundations. Schroders also manages assets for end clients as part of its relationships with distributors, financial advisers and online platforms.
Schroders aims to provide excellent investment performance to clients through active management. It also channels capital into sustainable and durable businesses to accelerate positive change in the world. Schroders' business philosophy is based on the belief that if we deliver for clients, we will deliver for our shareholders and other stakeholders.
Issued by Schroder Investment Management Limited. Registration No 1893220 England. Authorised and regulated by the Financial Conduct Authority. For regular updates by e-mail please register online at www.schroders.com for our alerting service.
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