Three women took the lead in starting a new trade association for community finance. "None of our male colleagues felt in a position to take that risk", recalls Niamh Goggin. Dial forward 20 years and the sector's leaders are male, pale and privileged.
It sometimes seemed like a sector put together with cardboard and pieces of string – and being a social investor can still feel lonely... Big Issue Invest boss Danyal Sattar reflects on 20 years of community investment in the UK.
NatWest took a big leap of faith in setting up its own community enterprise fund, says Bernie Morgan, a trustee of NatWest Social & Community Capital, recalling the early days of support for responsible investors.