HCT Group & ClearlySo win top Social Investment prize
The award recognises the £17.8 million funding package that HCT Group secured, with help and support from ClearlySo, earlier this year. The funding is being used to accelerate HCT Group’s growth, providing the working capital to continue our rapid expansion and to provide the funds to acquire commercial bus operators and turn them into social enterprises.
Dai Powell, CEO of HCT Group, commented on the award win: “Social investment is vital for HCT Group, providing the resources we need to grow our business, our social impact and our ability to create social change. We are delighted to receive this award as, working together with ClearlySo, we have shown that social investment can work at genuine scale, securing the resources we need for the next stage of our growth”
Further commenting, Rodney Schwartz, CEO of ClearlySo: “It has been a pleasure and privilege to work with the HCT team for over a decade on several important transactions, including this award-winning investment—HCT proves business can do well and have a strong social impact. At ClearlySo we are especially proud of this complex deal which blended in mainstream and high street bank capital with that of traditional impact investors.”