Big Society Capital must reconsider plans not to focus solely on social enterprises or provide core funding for a Black-led social investment fund, say Social Enterprise UK's CEO Peter Holbrook and chair Lord Victor Adebowale.
UK wholesaler commits to changes as it re-examines its role following the “extremely important if not always comfortable feedback” from the recent Adebowale Commission on Social Investment.
As Big Society Capital marks its 10-year anniversary, CEO Stephen Muers reveals key changes ahead – including addressing past failings on diversity and changing a target return rate that is now “out of step” with the organisation's mission.
Robin Hindle Fisher, who brings long experience in investment management and the charity sector, will take over from Sir Harvey McGrath after eight years in the role.
The Commission on Social Investment’s “bold” recommendations call for £800m new money, a fresh strategy from government and a rethink of Big Society Capital.
In an exclusive interview, the chair of the Commission on Social Investment says his report’s recommendations can deliver ‘levelling up’ – but the UK government must get serious about social enterprise and social investment.
One of the UK’s first impact investment specialists, and once describing itself as “Europe’s leading impact investment bank”, ClearlySo went into administration at the end of 2021, owing more than £10m to creditors and shareholders.