Last week's £750m package to support frontline charities brought some sighs of relief, but it's far from enough. David Floyd reflects on why the sector has been so poorly served, despite its best lobbying efforts.
UK social investors have asked the government to contribute to a multimillion pound liquidity fund, while voluntary sector representatives warn charities face a £4.3bn funding shortfall over the next 12 weeks.
The Scottish government is among those announcing new funding this week, as it unveils early details of support for charities and social enterprises – but Westminster is yet to reassure the wider UK charity sector of its support.
Bite-sized stories this week include record interest in B Corp certification, a big commitment to buy social, latest research on giving to charity, and new hires at Social Investment Scotland.
As momentum grows behind the #CharitySoWhite movement, social investors say campaign is much needed – and highlight the poor diversity record in their own field.
Established social enterprises are increasingly frustrated with the lack of access to growth capital. UnLtd’s director of ventures calls for more new products and a major rethink for philanthropy.
Investing for impact, where the primary goal is social impact, looks set to grow far more slowly than demand for such finance – unless we make some major changes. Chris West identifies five opportunities to tackle the mismatch.
