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On 24 June 2015 - 8:47pm

The February 2015 OECD report Social Impact Investment – Building The Evidence Base described ‘Social Impact Investment’ as:  “the provision of finance to organisations addressing social needs with the explicit expectation of a measurable social, as well as financial, return”.  On that basis, there’s not much ‘Social Impact Investment’ going on in the UK social investment market.

Oranges & Lemons, written by Investing for Good and funded by Big Society Capital and the Esmee Fairbairn Foundation, is an assessment of ‘The State of Play of Impact Measurement among UK Social Investment Finance Intermediaries’ (SIFIs).

The report, published earlier this month, is probably not one that will attract significant numbers of readers working for frontline charities and social enterprises; many face a tough choice ...more

On 28 May 2015 - 7:39pm

If there’s one thing worse the swingeing cuts to public services, it’s the expectation of more swingeing cuts to public services and the evidence so far suggests both local and national battles for resources are going to get messy.

In one recent example, many will sympathise with the desire of health campaigners and GPs in the London Borough of Hackney to campaign for as much funding as possible allocated to frontline health services but some may question whether slagging off council funding for specialist voluntary sector public health initiatives is the most useful way of making that point.

Last week’s Hackney Gazette saw local campaign group, Hackney Coalition To Save the NHS take aim at Hackney Council’s ...more

On 29 April 2015 - 4:38pm

I haven’t been blogging much over the past few months, due to my work on the (now published) report of The Alternative Commission on Social Investment. There’s been lots of reports, events and launches during that time that are worth catching up so, while I’ll also hopefully be responding to new stuff, I’m going to be posting a few delayed responses to February and March’s biggest stories!

Those tracking the rise of ‘big data’ will have been particularly interested in this Civil Society story from early March, which saw Directory of Social Change boss Debra ...more

On 30 March 2015 - 6:49pm

Some readers may have noticed that there hasn’t been a blog post here for a while. That’s not because there hasn’t been anything going on in UK social enterprise, it’s because I’ve been working on a project called The Alternative Commission on Social Investment. The press release below explains what it’s all about.

Our report is out now: the full version is here and there’s a shorter version here.

It would be great to hear what you think – either via email or below.

Normal blogging service will be resumed shortly.

NEWS RELEASE – FOR RELEASE AT MIDNIGHT THURSDAY 26th MARCH 2015 ...more

On 27 January 2015 - 1:17pm

Social investment finance intermediaries, often known by the acronym, SIFIs, don’t generally enjoy a positive reputation among UK charities and social enterprises. As with MPs, many of us like and respect SIFIs and their employees individually but the emerging industry is not popular.

That’s mainly because, since social investment hit us (in a big way) in 2012, there’s at least been a perception that the government (in particular) has put loads of money into subsidising the process of and support for social investment, while not spending enough making social investment affordable or useful for charities and social enterprises.

As someone who talks to and works with lots of people in the intermediary business, I’m yet to meet one I’ve disliked or felt was in it for the money but genuine intentions are not the same thing as delivering value.

Never one to play to the gallery, Clearly So boss, Rod Schwartz ...more

On 5 January 2015 - 9:18pm

One of the most baffling developments of 2014 was the emergence (at least in social enterprise policy-world) of the ‘Profit-with-Purpose’ business.

For those who missed it, the ‘Profit-with-Purpose’ business is an idea primarily championed by social entrepreneur support provider, Unltd, to explain their support ‘for-profit’ businesses (companies limited-by-shares) dedicated to fulfilling a social mission.

Unltd ceo, Cliff Prior, chaired the Mission Alignment Working Group (MAWG) of G8 Social Impact Investment Taskforce and their report explains the idea at length.

Prior also explains the idea (to some extent) in this interview ...more

On 31 December 2014 - 2:16pm

If you want to know what’s been happening in social investment in 2014, the answer is that Iain Duncan Smith (IDS) thinks it’s going brilliantly and I think the market is experiencing a ‘different level of success’. That’s the headline news in Big Society Capital (BSC) CEO, Nick O’Donohoe’s blog-based review of the year.

It’s an honour that O’Donohoe is taking my views into account in his assessment of the current challenges facing his organisation but (while I can’t speak for IDS) he’s wrong to suggest that I’m one the ‘stakeholders’ continuing to ‘judge success or failure by a rather one dimensional yardstick’.

As regular readers will know, the vast majority of my blogs on social investment over the years have explained why the market is failing at ...more

On 18 November 2014 - 4:48pm

Apologies for the lengthy silence from me in recent months. It’s been a busy time for Social Spider CIC. Amongst other things, we’ve launched a community newspaper and a national mental health blogging project. I’m also heading up The Alternative Commission on Social Investment: an initiative set-up to investigate what’s wrong with the UK social investment market and to make practical suggestions for how the market can be made more accessible and relevant to a wider range of charities, social enterprises and citizens working to bring about positive social change.

The last few weeks have seen (at least) two major events in the UK social investment market ...more

On 29 September 2014 - 9:54am

One of the most prominent 20th century proponents of ‘deprofessionalisation’ was the Austrian-born priest and philosopher, Ivan Illich. Illich railed against what he viewed as the ‘monopoly’ control of education and healthcare by teachers and doctors…” – my latest blog on public services and social innovation for Pioneers Post.

 

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On 20 August 2014 - 12:58pm

We don’t need public services and welfare spending primarily because commercial markets are a bad way of meeting social need but because they’re a bad way of determining what ‘social need’ means… ” – the latest in my series of Pioneers Post blogs on public service reform and social innovation.

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