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.
Covid-19 has highlighted the fact that many common forms of social investment are inflexible and have failed the social enterprises they seek to support, says Ben Smith, head of social investment at Esmée Fairbairn Foundation. But being patient and flexible is not without its challenges.
What happens when a philanthropic foundation starts offering repayable finance? Anything from stronger relationships with investees to “awful situations”, as we heard recently. Pioneers Post digs a little deeper.