Hatch Enterprise's Dirk Bischof, whose first boss sparked a lifelong focus on diversity, shares his frustrations with the UK's social investment market and unveils a new £10m fund targeting typically overlooked founders.
The ‘Be the Future Challenge’ calls for social enterprise ideas linked to one of the UN’s sustainable development goals, and able to make a profit through selling a product or service. Deadline now extended to 17 July.
Grants of between £5,000 and £50,000 are being offered to social enterprises across the UK thanks to a new Coronavirus Response Fund launched by NatWest Social and Community Capital, the bank's social investment charity.
Some 72% of those responding to a survey by the Global Impact Investing Network said they were unlikely to decrease or were likely to increase the capital they had planned to commit this year. PLUS size of global market now estimated at $715bn.
"A world where leisure trusts became unviable would surely lead to a crisis in public health – and who would pick that up?" A survey warns that more than 40 leisure and culture social businesses risk permanent closure within six months.
Ahead of this week's Spectrum event on closing the racial wealth gap, organiser Keisha Senter reflects on the task ahead for funders, what we can learn from creative leaders – and her 'ones to watch' when it comes to grassroots change.