PLUS: Impact bond firsts in Cambodia and Palestine, Big Issue Invest backs lottery business, Bamboo Capital Partners invests in Indonesian peer-to-peer lending platform, VisionFund raises £10m for microfinance – and more.
UNDP and GSG have joined forces in an effort to unlock “billions of dollars for people and the planet” – including adoption of global SDG standards on how investors and enterprises contribute to the SDGs.
PLUS: Croatia’s first social impact fund, $100m financing partnership for emerging market ventures, new ‘repayable grants’ for Scottish environmental businesses, Canada’s MaRS Catalyst Fund rebrands and expands, and more.
Any part of the social investment market that isn’t helping charities and social enterprises to access the right finance needs a rethink, writes The Social Investment Business CEO, as he picks up on the debate on reshaping social finance.
Some claim Big Society Capital’s current form – and its implications on the cost of finance – is actually holding back social investment. But, while lending all its money cheaply may be tempting, it would be a serious mistake, writes CEO Cliff Prior.
In spite of all the hype around social investment, only a tiny proportion of the UK’s social enterprises and charities have made use of it. If things are going to change, Big Society Capital must rethink its role, says Eastside Primetimers' CEO.