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TrustLaw Training: Social Enterprise and Impact Investing

Updated: Fri, 10 Jul 2015


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On 27 - 28 October 2015, the team behind TrustLaw ran a two-day accredited legal training course on social innovation.

This course is designed to provide practical training for lawyers on two key areas, social enterprise and impact investing, helping lawyers understand the important issues that affect the different agents in the sector and the role they can play in shaping it.

Teaching will be delivered with a mix of lectures, panels, and interactive activities facilitated by academics, lawyers, social investors and social entrepreneurs themselves.

At the end of this training, participants should be able to:

  • Advise on the appropriate business structure for different social enterprises
  • Recognise the key legal issues facing social entrepreneurs to help ensure agreements and commercial documentation reflect the financial and social realities of this rapidly growing sector
  • Have a clear understanding of some of the different tools used to inject capital into socially focused businesses, including social impact bonds, crowdfunding and impact investment funds
  • Understand how to negotiate the competing interests of investors, social enterprises and social finance intermediaries


October 27 and 28, 2015
9.00am – 6.00pm

Thomson Reuters Building,
30 South Colonnade,
London E14 5EP

Breakfast, lunch, and a drinks reception are all included in the price

The full two-day course will cost £595 + VAT. Participants can join for one day for £375 + VAT.

The cost of the course goes to support the work of the Thomson Reuters Foundation’s global pro bono service, TrustLaw, whose mission is to spread the practice of pro bono worldwide.

This course will be accredited for 15 hours of CPD with the SRA.



27 October - The first day of the course is designed to provide participants with a big picture market overview of the social enterprise space in England & Wales

9:45 – 10:45 Social Enterprise 101: Big Picture
Market overview of the social enterprise sector in the UK, including definitions of social enterprise, history and key debates

Keynote Speaker: Nick Temple, Deputy CEO, Social Enterprise UK

10:45 - 11:00 Break

11:00 - 12:15 Structuring Social Enterprises Lecture
This lecture will cover the different types of structures available to social enterprises and why some might be used instead of others, including:

  • Types of structures and key differences, including for profit, nonprofit, CIOs and CICs
  • Financing: grants, debt, equity, social investment, charitable/impact bonds
  • Locking in social purpose
  • Challenges in blending social purpose and financial return
  • Shareholders vs. Stakeholders

Moderator: Luke Fletcher, Partner, Bates Well Braithwaite, Louise Harman, Senior Associate, Bates Well Braithwaite

Speakers: Sara Burgess, Office of the Regulator of Community Interest Companies, Tom Fox, Policy Head, UnLtd, Jake Hayman, Founder, Future First

12:15 - 1:15 Lunch Break

1:15 - 2:45 Structuring Social Enterprises - Workshop
Interactive workshop where participants will practice advising social entrepreneurs on the right structure for them

2:45 - 3:00 Break

3:00 - 4:30 Through the Eyes of a Social Entrepreneur
Overview of the key legal challenges faced by new social businesses including shareholder agreements, intellectual property, privacy policies and employee issues

Moderator: Nicholas Glicher, Legal Director,TrustLaw

Speakers: Matt Kepple, CEO, Make Worldwide Ltd, Zoё Peden, Co-founder, Insane Logic, Jennie Goodman, HR & Sustainability Director, Riders for Health

4:30 - 5:00 Break 

5:00 - 6:00 Panel: Profit or Purpose? Do you need to make a choice? [OPEN TO ALL TRUSTLAW MEMBERS]
A panel discussion on protecting the social mission of ‘profit with purpose’ business and the different legal mechanisms to lock in social purpose

Moderator: Nicholas Glicher, Legal Director, TrustLaw

Panelists: Cliff Prior, CEO, UnLtd, Alexandra Meagher, Social Investment and Finance, UK Cabinet Office, Hermione Taylor, Founding Director, The DoNation, Simon Rowell, Strategy and Business Development Director, Big Society Capital

6:00 Drinks & Networking


28 - October, The second day of the course will deep dive into the social finance space, bringing the legal perspective to topics including impact investment fund structures, different funding models for social enterprises, and social impact bonds.

9:30 - 10:30 Introduction to Social Investment
Market overview of impact investing and social finance in the UK, covering key players, timeline, history and a look forward to the future of the sector

Keynote Speaker: Katie Hill, Chief Operating Officer, B Lab UK

10:30 - 10:45 Break

10:45 - 12:00 Social Enterprise Funding Models
A broad look at the funding models available to social enterprises in the UK

  • Debt/equity investments from investors (including impact investors and funds)
  • Donor funding (and structuring issues to flag when an SE will use a mix of donor funding and investment)
  • Charitable Bonds & Charity Bonds
  • Tax benefits: Social Investment Tax Relief in the UK
  • Social Impact Bonds

Speaker: Rodney Schwartz, CEO, ClearlySo

12:00 - 1:00 Lunch Break

1:00 - 2:30 Impact Investment Funds - Lecture & Panel
Key fund managers and financial intermediaries analyse the types of legal structures used for social investment funds and discuss gaps in the market
• Different types of legal structures for social impact funds
• Investor perspective and requirements
• Future perspective on the space

Speaker: James Bromley, Associate, Weil, Gotshal & Manges LLP

Panelists: Vinay Nair, Director of Business Development, Social and Sustainable Capital, Geoff Burnand, CEO, Investing for Good, Holly Piper, Head of CAF Venturesome, Charities Aid Foundation  

2:30- 2:45 Break

2:45 - 4:00 Impact Investment Funds - Workshop
Interactive session on striking the right balance between social and financial returns

4:00 - 4:15 Break

4: 15 - 5:30 Crowdfunding
Overview of different types of crowdfunding and crowdfunding models in the UK and case studies of successful crowdfunding campaigns

Speakers: Charlotte Davidson, Solicitor and Shantanu Sinha, Associate, Mishcon de Reya, Jonathan May, Founder & CEO, Hubbub

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