The Social Investment Market Chapter One

Yesterday I promised to deliver a precis - in plain english - of this document produced by MP Nick Hurd and MP Rt Hon Francis Maude.  Here is....


Chapter One: Social Ventures' role in a bigger society, and why they need better finance

Social Ventures find innovative solutions to social problems.

  • Britain needs new ways of doing Community
  • Social Entrepreneurs provide business models that deliver social outcomes
  • Social ventures need to deliver outcomes which are financially self sustaining
  • Social ventures include: Community Organisations, Charities, Social Enterprises and Social Firms
  • Social ventures are united through a passion to improve society
  • Social ventures help to: empower communities, open up public services and provide a means of doing social action
  • Social ventures also contribute to economic growth including: £24B annual contribution to the economy; offering significant employment opportunities and many of those to people who are usually excluded; building new markets
  • Social ventures could do more with better access to finance: open up public services to new providers; make it easier to run civil society organisations; increase social ventures access to people, time and money
  • Capital is still urgently required for growth
  • Capital investment combined with support and advice will help to: better manage cashflow; invest in equipment and facilities; grow or replicate activities
  • Long term investment, tackling entrenched social issues with repaid loans being used again and again 

If this doesn't look like plain english to you - please comment below and I'd happily explain what is meant.  The issue is I've been in this environment for over 15 years so it all looks straight forward to me!

Tomorrow - Chapter Two: The Vision for a Dynamic Social Investment Market



Social Investment Market

 
 
Growing the Social Investment Market: A Vision and Strategy is a document created by Nick Hurd, Minister for Civil Society and Rt Hon Francis Maude, Minister for the Cabinet Office and Paymaster General.

The document outlines what the government's plan is for Big Society.  The document is encouraging in that it is not packed full of Ministerial speak, and is easy to follow and understand.
 
Click on the picture for a PDF of the whole report.

The report is split into 6 chapters.
 
  1. Social Ventures: What are they and why they need better finance
  2. The Social Investment Market Vision
  3. Where has the market come from and where is it today
  4. What will allow Social Investment to flourish
  5. the Mission and role of the Big Society bank
  6. Government's Next Step - and yours.

Tomorrow I'll be outlining Chapter 1 and breaking it down into even easier chunks to understand, whilst also commenting on what I think this means to us - the voluntary sector and society in general.