Phil leads Allia’s social finance programme, developing retail products to raise finance for social ventures. Since joining in 2009 he has managed the issue of numerous bonds by Allia to individual, corporate and public sector investors. Phil is behind the creation of Retail Charity Bonds, a ground-breaking platform to raise unsecured loan finance for charities through bonds listed on London Stock Exchange. He manages a major investment programme for Scottish Government in affordable housing, and always has a few different development projects on the go.
It's time to end the contradiction and confusion when it comes to vocabulary in the social sector investment sphere. Impact investment, social investment, ethical investment – Phil Caroe from UK social investment charity Allia explains what's what.