ANALYSIS: Dormant assets and €1bn of innovation funding are in the spotlight as Germany unveils long-awaited first strategy for social enterprise and innovation – but the clock is ticking to make progress before an expected change of government.
Low-key government announcement of latest £350m dormant assets funding allocation falls short of what social investment leaders had been campaigning for, as money will be evenly split between four ‘good causes’.
The global impact deals, reports and initiatives you need to know about this month – all in one place. Featuring the Global Fund for Coral Reefs, Jack Dorsey's Block, Mirova, Incofin, NatWest and many more.
UK government announces that community wealth funds will be recipients of expanded dormant assets scheme alongside social investment, youth and financial inclusion, following consultation.
As decision time looms on where to allocate £700m of dormant assets, the MP for Stoke-on-Trent Central makes the case for social entrepreneurs – who "dare to think differently" and make a huge impact, especially in underserved areas of the UK.
Around £738m is up for grabs in England as government reviews Dormant Assets Scheme's current priorities of social investment, financial inclusion and youth.
PLUS: LeapFrog reaches 5% of low-income population; philanthropists back maternal and child healthcare fund in Asia; BlueOrchard launches financial inclusion fund; and more.
Social Enterprise UK and Big Society Capital are among nine organisations promoting the Community Enterprise Growth Plan, a “once-in-a-decade opportunity” to accelerate growth of social enterprise in underserved communities.
The UK government this week confirms new dormant assets funding as outlined in its Levelling Up plans, as Access stresses importance of blended finance approach to reach poorest communities.
