Conservative MP and civil society review author Danny Kruger highlights new funds that social enterprises should watch, adding that Treasury ministers are “very supportive” of social enterprise – but also “very distracted” right now.
PLUS: $100m MacArthur grant to end homelessness; Dutch VC fund backs digital-only fashion house; ImpactAssets custom investments surge; new pooled fund for southeast Asia; Resonance's launchpad loan for mums' mental health; and more.
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.
PLUS: Resonance makes raft of SITR investments ahead of crunch time for relief scheme; first impact fund for French investment firm Founders Future; Dutch social impact bond repays investors; new Conduit EIS Impact Fund; and more.
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'.