Government sees clear role for impact investing in driving ‘levelling up’ agenda in face of massive social and economic inequality – and financiers are getting on board with the new concept of equality impact investing.
Social enterprise leaders welcome new funds but warn that rolling out £800m Dormant Assets Scheme without careful planning would be a “massive mistake” – while shadow charities minister says policy is “scraping the barrel”.
PLUS: Social Impact Ventures rebrands and doubles fund size; Save the Children Australia impact fund opens for business; UN’s first outcomes fund; the new $400m 'blank-cheque' sustainability company; and more.
New data is released today from one of the UK's earliest social investment funds, the £142m Futurebuilders fund created in 2004. The lessons learned can help us to design the right kind of finance now, writes Social Investment Business CEO Nick Temple.
Be patient, flexible and targeted to areas of need: new data from the UK's £142m Futurebuilders England Fund – launched back in 2004 – suggests lessons for what will make future social investment work.