UK government announces that community wealth funds will be recipients of expanded dormant assets scheme alongside social investment, youth and financial inclusion, following consultation.
Steady social investment market growth “on track” to meet Big Society Capital’s target of £10bn to £15bn by 2025, although current economic crisis could threaten further growth.
BSC says it wants to hit £15bn of social investment by 2025. Stephen Muers tells us why that means going beyond “small and fiddly” investments, why dormant assets cash may not be needed – and why recent criticism isn't a reason to change course.
Former investment banker Gareth Davies says UK wholesaler should broaden scope to ‘enhance profits’, one of many sweeping changes he proposes to boost social investment. But BSC says it’s already ‘picking winners’ while putting impact first.
