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”.
In the first of a series looking at 'patient, risk bearing' capital, Duncan Brown asks why social investment is so dominated by short-term, rigid debt instruments – and why there's so little support for higher risk, high return social innovation.
Bite-sized news from the impact economy: Australia’s social investment market reviewed, Social Enterprise Academy arrives in Egypt, UnLtd backs 12 new ventures. Plus, Nick Hurd joins Access foundation, and opportunities for social entrepreneurs.
The CEO of Big Society Capital, Cliff Prior, is to move on from the UK’s impact investment giant after four years at the helm. Prior will be taking up an international remit to lead the Global Steering Group for Impact Investment.