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.
A new body is to advance impact investing – including by monitoring policy and regulation and advocating for change – and to promote the UK as a world hub in this area.
PLUS: Private equity fund for independent media launched; new fund for agribusiness in developing countries; UK government backs new £30m social tech venture fund, and more.
Social enterprise should be moved out of the Department for Digital, Culture, Media and Sport to the Department for Business, Energy and Industrial Strategy (BEIS), says Social Enterprise UK. It also calls for reform of the Social Value Act.
Ten new social impact bonds (SIBs) have been launched by the Department for Digital, Culture, Media & Sport (DCMS) to support children in care and tackle drug dependency.