UK high street banks have been called upon to support emergency loan fund for social ventures, while social investors promise three-week turnaround and regular reviews to adapt and improve the fund where needed.
A £25m recovery fund, £29m in emergency loans and £50m more as Big Society Capital pledges to "reprioritise and repurpose" existing and future investments – while charities get a long-awaited promise of funding from government.
As the Impact Investing Institute officially launches today, CEO Sarah Gordon speaks to Pioneers Post about her vision to tap into current “momentum and energy” for doing things differently.
Any part of the social investment market that isn’t helping charities and social enterprises to access the right finance needs a rethink, writes The Social Investment Business CEO, as he picks up on the debate on reshaping social finance.
PLUS: Generation Investment raises $1bn to invest in “sustainability revolution”, SIS Ventures makes first equity investment, North East Social Investment Fund invests £700k in employability and education, and more.
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.
Uptake of the UK’s Social Investment Tax Relief has been disappointingly low, thanks to poor design, delays and lack of awareness, according to new research – but it’s not a lost cause.
Social enterprises are no longer merely viewed as “pipeline” or “deal flow” by social investors. Instead, their needs for flexible, aligned and appropriate finance are recognised, says Nick Temple. But challenges remain.
