The prize for this collaboration would be thousands more sustainable social ventures that harness consumer markets to drive social progress and change.
Nigel is a veteran and pioneer of social enterprise and social finance; in fact, he was working in these spaces well before they even had names. He is the Chairman of The Big Issue, a social enterprise founded in 1991 enabling homeless individuals in the UK to earn a living, and the CEO of Big Issue Invest, a social investment business founded in 2005 that provides finance to social enterprises.
As a concept, social investment can be hard to get your head around. For the UK Government however it has quickly become a credible and important way of helping charities and social enterprises increase their impact in communities, helping them to grow and support more people in need. The concept is simple.
So, what now? The bottom line is we need innovation in the way we deliver social care for older people that can tackle the increasing demand while being cost effective.
The UK Government has announced some very public failures in new models of public services this week, and this begs some questions about failure for all of us investing in social innovation.
It's now five years since the financial crisis, and still the old financial service providers are letting us down, even the alleged ethical ones.
I was working as a special adviser at the Department of Trade and Industry at the beginning of the 2000s when Sir Ronald Cohen began pushing for what was eventually to become, in 2011, Big Society Capital (BSC), the world's first social investment institution...
here seems to be a very steep rise in frequency of reconviction events between the two periods September 2008 to March 2010 and September 2010 to March 2012. We see the same pattern with re-offending rates.
In the run up to the G8 meeting next week, social impact investment took a major step forward on 6 June as the UK Government hosted a G8 Forum drawing together sector leaders from G8 nations and beyond.
It's accepted that a key obstacle for growth is the banks' unwillingness to lend to SMEs. But not even getting the same attention