Leading voices from UK social enterprise, co-operatives and social investment have raised concerns over a “landmark” definition of the ‘impact economy’ that risks alienating a number of impactful organisations.
The 'social economy' is well established in many parts of the world, but the newer concept of 'impact economy' is increasingly taking ground – and it's not to everyone's liking. This week's view from the Pioneers Post newsroom.
Partnering with philanthropists, impact investors and mission-led businesses should become the norm across government, says Darren Jones, but concerns emerge that grassroots organisations might struggle to be heard by policymakers.
NPC’s new mapping of the UK’s ‘impact economy’ has triggered a debate on what should and shouldn’t be included in this ecosystem. To be expected, but was it really the primary purpose of the research?
New Philanthropy Capital claims it's made the first estimate of the scale of the UK’s impact economy, bringing together impact-led businesses, charities, political parties and others, while omitting co-operatives and employee-led businesses.
There were no big bang announcements in Rachel Reeves's Budget this week, but policy still matters – and it can be as much a hindrance as an enabler, as the latest insights in the UK's social investment market from Better Society Capital shows.
New research from the UK’s social investment wholesaler shows a 12% year-on-year increase largely driven by a jump in investment in social and affordable housing, while the picture is more mixed in other segments of the market.
Government says new ‘central point of contact’ for impact economy recognises the ‘untapped potential’ of the country’s social impact sector, while the movement welcomes ‘joined up’ support.
