Social Impact Investing
The prize for this collaboration would be thousands more sustainable social ventures that harness consumer markets to drive social progress and change.
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.
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 a climate of heightened regulation and the government's deleveraging of balance sheets, there could be an opportunity to reshape how the world of finance works. Could social finance fill that gap?