Pioneers Post
news
  • strict warning: Declaration of context_condition_path::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_path.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.59' for table 'cache_content' query: UPDATE cache_content SET data = 'a:10:{s:10:\"field_date\";a:1:{i:0;a:4:{s:5:\"value\";s:19:\"2012-10-02T00:00:00\";s:8:\"timezone\";s:13:\"Europe/London\";s:11:\"timezone_db\";s:13:\"Europe/London\";s:9:\"date_type\";s:4:\"date\";}}s:12:\"field_source\";a:1:{i:0;a:1:{s:3:\"nid\";N;}}s:17:\"field_story_img_1\";a:1:{i:0;N;}s:25:\"field_story_img_1_caption\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:27:\"field_story_img_1_in_teaser\";a:1:{i:0;a:1:{s:5:\"value\";s:1:\"0\";}}s:16:\"field_story_lead\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:17:\"field_story_quote\";a:1:{i:0;a:2:{s:5:\"value\";N;s:6:\"format\";N;}}s:18:\"field_story_teaser\";a:1:{i:0;a:2:{s:5:\"value\";s:187:\"<p>One of the UK&rsquo;s top business professors has warned that charities and social entrepreneurs are treated as &lsquo;poor cousins&rsquo; to the rest of the small business sector.</p>\";s:6:\"format\";s:1:\"2\";}}s:25:\"field_story_related_nodes\";a:1:{i:0;a:1:{s:3:\"nid\";N;}}s:17:\"field_story_files\";a:1:{i:0;N;}}', created = 1464400649, expire = 0, headers = '', serialized = 1 WHERE cid = 'content:10048:20658' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of rules_data_type_string::get_default_input_form() should be compatible with rules_data_type::get_default_input_form($variable_info, $value, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/rules/rules/modules/rules.rules.inc on line 0.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.59' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>One of the UK&rsquo;s top business professors has warned that charities and social entrepreneurs are treated as &lsquo;poor cousins&rsquo; to the rest of the small business sector.</p>\n<p>Professor Cathy Pharoah of Cass Business School said that the finances of charities and social enterprises had to be considered as the government responded to the beleaguered small and medium-enterprise sector.</p>\n<p>&lsquo;Charities and individual social entrepreneurs are often treated as the poor cousins of the SME sector,&rsquo; Pharoah said. &lsquo;So any new finance facility targeted at SMEs, such as a new state bank, needs to ensure that it also has the relevant expertise to assess the business cases of the non-profit sector, and provide loan finance to social enterprises or charities which want relatively simple accessible finance to expand a range of operations.&rsquo;</p>\n<p>Pharoah added: &lsquo;If it is difficult for SMEs to access finance, it is likely to be even harder for the voluntary organisations. Without equal access to finance it will be difficult for the charity sector to compete for public welfare provision contracts, and expand its role. This is not a gap which Big Society Capital can necessarily fulfil, because BSC is a specialised facility, not in competition with mainstream finance providers, and aimed at stimulating growth in relatively new social ventures which aim at both social and financial returns.&rsquo;</p>\n<p>Pharoah&rsquo;s comments follow an <a href=\"http://www.ft.com/cms/s/0/cf87e61e-0ba5-11e2-8e06-00144feabdc0.html#axzz28ItBawFt\">article in London&rsquo;s Financial Times</a> in which Sir Stephen Bubb, CEO of civil society sector leaders body Acevo, complained that the sector was being &lsquo;ignored and sidelined&rsquo;.</p>\n<p>The newspaper reported that, in a letter to Francis Maude, Cabinet Office minister, and Nick Hurd, minister for civil society, Sir Stephen Bubb, drews a comparison with the plans announced by the government for a&nbsp;<a href=\"http://www.ft.com/cms/s/0/ba76afea-0672-11e2-abdb-00144feabdc0.html\">new state bank</a>&nbsp;with an emphasis on stimulating small and medium-sized enterprises in particular, to encourage economic growth.</p>\n<p>Sir Stephen told the FT that despite ministerial pronouncements that the third sector should play a big role in &lsquo;growing and reforming public services&rsquo;, it was being held back by its inability to raise capital to expand.</p>\n', created = 1464400649, expire = 1464487049, headers = '', serialized = 0 WHERE cid = '2:a0b2af6d4a7e4ebebc63a3c1659d407a' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • user warning: UPDATE command denied to user '408302_semagad'@'10.187.244.59' for table 'cache_filter' query: UPDATE cache_filter SET data = '<p>One of the UK&rsquo;s top business professors has warned that charities and social entrepreneurs are treated as &lsquo;poor cousins&rsquo; to the rest of the small business sector.</p>\n', created = 1464400649, expire = 1464487049, headers = '', serialized = 0 WHERE cid = '2:632150f780ff46ff68d0b36217c70712' in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/includes/cache.inc on line 109.
  • strict warning: Declaration of context_condition_node::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_node.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of date_handler_field_multiple::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date_handler_field_multiple.inc on line 0.
  • strict warning: Declaration of views_handler_argument::init() should be compatible with views_handler::init(&$view, $options) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_argument.inc on line 0.
  • strict warning: Declaration of views_handler_filter::options_validate() should be compatible with views_handler::options_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter::options_submit() should be compatible with views_handler::options_submit($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter.inc on line 0.
  • strict warning: Declaration of views_handler_filter_node_status::operator_form() should be compatible with views_handler_filter::operator_form(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/node/views_handler_filter_node_status.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 255.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 260.
  • strict warning: Only variables should be passed by reference in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/date/date/date.theme on line 261.
  • strict warning: Declaration of context_condition_menu::execute() should be compatible with context_condition::execute($value) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_condition_menu.inc on line 0.
  • strict warning: Declaration of context_reaction_debug::options_form() should be compatible with context_reaction::options_form($context) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_debug.inc on line 0.
  • strict warning: Declaration of context_reaction_block::execute() should be compatible with context_reaction::execute() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/context/plugins/context_reaction_block.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Declaration of views_handler_filter_boolean_operator::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/handlers/views_handler_filter_boolean_operator.inc on line 0.
  • strict warning: Declaration of views_handler_filter_term_node_tid::value_validate() should be compatible with views_handler_filter::value_validate($form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/modules/taxonomy/views_handler_filter_term_node_tid.inc on line 0.
  • strict warning: Declaration of views_plugin_style_default::options() should be compatible with views_object::options() in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_style_default.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_validate() should be compatible with views_plugin::options_validate(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Declaration of views_plugin_row::options_submit() should be compatible with views_plugin::options_submit(&$form, &$form_state) in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/plugins/views_plugin_row.inc on line 0.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.
  • strict warning: Non-static method view::load() should not be called statically in /mnt/stor2-wc1-dfw1/408302/www.socialenterpriselive.com/web/content/sites/all/modules/views/views.module on line 879.

London business professor warns UK’s Big Society is ‘at risk’

2 October 2012

One of the UK’s top business professors has warned that charities and social entrepreneurs are treated as ‘poor cousins’ to the rest of the small business sector.

Professor Cathy Pharoah of Cass Business School said that the finances of charities and social enterprises had to be considered as the government responded to the beleaguered small and medium-enterprise sector.

‘Charities and individual social entrepreneurs are often treated as the poor cousins of the SME sector,’ Pharoah said. ‘So any new finance facility targeted at SMEs, such as a new state bank, needs to ensure that it also has the relevant expertise to assess the business cases of the non-profit sector, and provide loan finance to social enterprises or charities which want relatively simple accessible finance to expand a range of operations.’

Pharoah added: ‘If it is difficult for SMEs to access finance, it is likely to be even harder for the voluntary organisations. Without equal access to finance it will be difficult for the charity sector to compete for public welfare provision contracts, and expand its role. This is not a gap which Big Society Capital can necessarily fulfil, because BSC is a specialised facility, not in competition with mainstream finance providers, and aimed at stimulating growth in relatively new social ventures which aim at both social and financial returns.’

Pharoah’s comments follow an article in London’s Financial Times in which Sir Stephen Bubb, CEO of civil society sector leaders body Acevo, complained that the sector was being ‘ignored and sidelined’.

The newspaper reported that, in a letter to Francis Maude, Cabinet Office minister, and Nick Hurd, minister for civil society, Sir Stephen Bubb, drews a comparison with the plans announced by the government for a new state bank with an emphasis on stimulating small and medium-sized enterprises in particular, to encourage economic growth.

Sir Stephen told the FT that despite ministerial pronouncements that the third sector should play a big role in ‘growing and reforming public services’, it was being held back by its inability to raise capital to expand.