Big Issue Invest (BII), an independent subsidiary of the Big Issue, have made available £20 million to help grow social enterprise and social investment. Grants and loans from £50,000 to £1 million were made available. On the 16th October 2013 BII won the Charity Times Awards at Londons Lacaster Hotel. Nigel Kershaw, Chief Executive of BII said “We are extremely proud to be named social champion at these awards.” So far 160 Social Enterprises have received £20 million in funds. Social Enterprises are not for profit and re-invest all profits.