The global impact deals, reports and initiatives you need to know about this month – all in one place. Featuring the Global Fund for Coral Reefs, Jack Dorsey's Block, Mirova, Incofin, NatWest and many more.
UK government announces that community wealth funds will be recipients of expanded dormant assets scheme alongside social investment, youth and financial inclusion, following consultation.
As decision time looms on where to allocate £700m of dormant assets, the MP for Stoke-on-Trent Central makes the case for social entrepreneurs – who "dare to think differently" and make a huge impact, especially in underserved areas of the UK.
Around £738m is up for grabs in England as government reviews Dormant Assets Scheme's current priorities of social investment, financial inclusion and youth.
PLUS: LeapFrog reaches 5% of low-income population; philanthropists back maternal and child healthcare fund in Asia; BlueOrchard launches financial inclusion fund; and more.
Social Enterprise UK and Big Society Capital are among nine organisations promoting the Community Enterprise Growth Plan, a “once-in-a-decade opportunity” to accelerate growth of social enterprise in underserved communities.
The UK government this week confirms new dormant assets funding as outlined in its Levelling Up plans, as Access stresses importance of blended finance approach to reach poorest communities.
BSC says it wants to hit £15bn of social investment by 2025. Stephen Muers tells us why that means going beyond “small and fiddly” investments, why dormant assets cash may not be needed – and why recent criticism isn't a reason to change course.
Former investment banker Gareth Davies says UK wholesaler should broaden scope to ‘enhance profits’, one of many sweeping changes he proposes to boost social investment. But BSC says it’s already ‘picking winners’ while putting impact first.
