A new report from the G8 Social Impact Investment Taskforce has called on the government to recognise the potential for social impact investing in the UK – and help the private sector unleash $1 trillion (£615bn) in investments ready to generate profits and social good.
Blue & Green Tomorrow is currently running a crowdfunder to ensure its survival. Please pledge.
Sir Ronald Cohen, chair of the Social Impact Investment Taskforce, will present the case for increased access to impact investment to chancellor George Osborne on Monday.
He explained that there is already $1 trillion in capital from the private sector ready to be invested in businesses and organisations that work for social and environmental good. Interest in the sector is also rising among big players, such as the Rockefeller Foundation.
Cohen said, “This is not about increasing or reducing public expenditure, but helping government to benefit from innovation and private sector capital in order to achieve more impact with the money it has.
“Social impact investment harnesses the forces of entrepreneurship and capital and the power of markets to do good”.
Cohen – known as the father of social investment – has previously said that impact investing needs measures to turn it “into something that is like venture capital or private equity” and called for the government to reduce barriers for this kind of investment.
His recommendations include payment-for-outcomes programmes, involving social businesses in public services and increase the offer of impact investments for pension funds.
Meanwhile, the Charities Aid Foundation (CAF) has said that while social impact investment plays a crucial role for societies, charities need a form of finance that puts social good before profits – and not on the same level.
Rhodri Davies, programme leader of Giving Thought at the Charities Aid Foundation, said, “It’s great that the G8 has been looking into the future of social investment and its increasing role in meeting the needs of communities and voluntary organisations around the world.
“But we can’t get too carried away pursuing a grand vision of a future when the reality at the moment is that charities primary need is simply access to affordable repayable finance. This may have low returns for investors but will ultimately create the widest impact.”
Photo: bionicteaching via Flickr
Like our Facebook Page
How to Find an Eco-Friendly Termite Control Service Provider in Malaysia
Eco-Friendly Vegans Win Most Battles Not the War
3 Iconic Chicago Billboards Eco-Friendly Advertisers Can Learn from
EnviroSolar’s Abe Issa Discusses Success in Green Entrepreneurship
How Sports Could Be Impacted by Climate Change
What Eco-Friendly Patients Should Know about Online Therapy
6 Reasons Why Meal Delivery Services are Eco-Friendly
The Path for Retail’s Sustainable Future
4 Eco-Friendly Ways to Treat a Sinus Infection
4 Strategies for Eco-Friendly Real Estate Investors to Find Properties
How Managed Print Services Helps to Reduce Paper Waste
Why Scientists Are Concerned About ‘Forever Chemicals’ In Drinking Water
Meat Farming Is Only Getting Smarter, Easier & Eco-Friendlier
What is Eco-Friendly Homesteading and How Does it Affect Your Insurance?
Importance of Using a Water Purifier in an Area with High Pollution
Alternative Financing Ideas for Green Businesses that Shun Banks
Tencel Material Demand Shows Britain Is More Eco-Friendlier Than Ireland
How To Invest in Clean Energy Stocks in Only Five Easy Steps!
How To Secure Funding As An Eco-Entrepreneur?
4 Amazing Eco-Friendly Businesses Worth Starting in 2021
- Features8 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy9 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features8 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest10 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years