Foreword by Nick Hurd MP Minister for Civil Society
The Cabinet Office
We want charities and social enterprises to play a bigger role in strengthening our communities and helping us deliver better public services. Too often they are held back by a ‘hand to mouth’ funding environment which is very ineicient. So it is a priority for us to open up new sources of funding and make it easier to access afordable, long-term finance.
Our strategy is to accelerate the growth of the social investment market. This is money that is prepared to consider a blend of inancial return and social impact. It is an embryonic market, but it is real and we lead the world in developing it. As investment opportunities grow and track records get established by credible intermediaries, we believe that the social investment market will become increasingly attractive to charitable foundations, pension funds and retail savers. We have the opportunity to create a third pillar of funding for the social sector to sit alongside philanthropy and the state. Success will unlock the potential to improve many more lives.
In February of last year, we published our irst Social Investment Strategy document. Since then a great deal has happened. This follow-up document is a stock take designed to recognise what has been achieved and set a road map for the next twelve months.
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