UK’s development finance institution announces broader remit, big jump in climate investing, and commitment to gender finance. Plus, Google’s Diana Layfield to become first-ever female chair.
DCMS confirms civil society brief remains there, but minister is still TBC. Meanwhile, prime minister Boris Johnson's 'levelling up' project gains political ground as economist Andy Haldane heads levelling-up taskforce and Kruger gets junior role.
NEWS ANALYSIS: Long snubbed in an impact investing market obsessed with returns, ‘blended finance’ has now proven its worth. But securing its survival could be Access’s most important role in the second half of its lifetime.
Mask-free and ready to mingle: sustainable capitalism takes centre stage at government-backed pilot event in Liverpool – with organisers aiming to create a festival vibe “without the private jets” and a “radical rethink” of business events.
Financial Secretary to the Treasury rejects calls for a further extension of a crucial tax relief scheme designed to stimulate social investment – but campaigners hope this will open the door to a new, improved policy to replace it.
Social enterprises and investors welcome UK chancellor’s SITR extension, but commit to fight for further support. Other measures offer short-term help, although long-term outlook remains uncertain.
The Social Investment Buiness is working with Impetus – which focuses on transforming the lives of young people from disadvantaged backgrounds – to deliver the £200m Youth Endowment Fund.
