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.
Despite its low uptake, social enterprise and investment bodies are fighting to retain Social Investment Tax Relief – with uncertainty around its future already affecting businesses in north-west England.
Last week the UK government announced new funding to help startups survive Covid-19 – and the founder and CEO of impact investment bank ClearlySo says the approach is a 'big step in the right direction'.
PLUS: Impact bond firsts in Cambodia and Palestine, Big Issue Invest backs lottery business, Bamboo Capital Partners invests in Indonesian peer-to-peer lending platform, VisionFund raises £10m for microfinance – and more.
PLUS: New $40m fund to bridge short-term financing gaps, Social and Sustainable Capital makes first investment from its housing fund, tech startup OpenSC raises $4m, CIC secures £250k through social investment tax relief, and more.