The Localism Act 2012 gives communities four new rights: Community Right to Build, neighbourhood planning, Community Right to Challenge and Community Right to Bid. The first two of these are well explained by their names. The Right to Build provides communities with: “the right to build small-scale, site-specific projects without going through the normal planning application process” while the right to neighbourhood planning gives communities the right to ...more
Following on from the recent several blog posts on the subject, I’m hoping to continue the process of taking discussions about social investment beyond the world of politicians, intermediaries and support providers by holding a free event.
It’s taking place next Thursday at The Mill in Walthamstow, the community space where we (Social Spider CIC) are based. Details are here. Please sign up if you’re interested in attending.
Anyone who’s dipped into the exciting selection of recently published reports on the growing social investment market in the UK will know that – contrary to the rhetoric – should you find yourself pitching for some of this cash, the second last thing you need to be thinking about is your social impact, and the very last thing you need to be thinking about is your ability to demonstrate that impact.
As the Big Lottery-backed report noted Investment Readiness in the UK noted: “Investees appear to think that their ability to create social impact will be more significant to investors than seems to be the case on the evidence of those who have received investment. This perception amongst potential investees appears to weaken as they get closer towards securing finance.“
This is partly because there’s currently significant ...more
This is the first in an occasional series of updates about things going on in the world of social enterprise (and related fields) that I think readers might be interested in. To avoid any confusion, none of the mentions below are paid-for ads but the activities I’m personally involved in will (like this blog itself) mostly be work I’ve been doing as part of my day job at Social Spider CIC. The regularity of the series will depend on its popularity.
Book of the week:
On current evidence, it would be easy to think the future of UK social enterprise was partly as a mechanism for outsourcing public services and partly as a competition to see which Shoreditch-based geniuses can come up with the silliest, most expensively innovated idea for convincing people who don’t want to volunteer to volunteer.
I spent part of last Friday (5th) at Outsourcing and Austerity: Civil Society and the Coalition Government, a conference held at TUC headquarters and supported by the unions, Unite and Unison, and the voluntary sector umbrella groups, NAVCA and NCIA.
Given the title of the conference and the organisations supporting it, it was pleasantly surprising that the breakout discussion entitled ‘What is social enterprise?’ – sensibly revised on the day to ‘Social ...more
“Investment readiness is often widely understood as a state, which comprises a number of key characteristics, much like business readiness or market readiness. But what it means to be investment ready will vary from one investee to another and is determined to a significant degree by the eye of the beholder – in this case the investor.“
As mentioned previously, we’ve recently seen the publication two key reports on the future of the UK’s hype-ridden social investment ‘sector’. The above quote is from the second of these, Investment Readiness in the UK, a report from Clearly So and ...more
“For the first time, this report provides us with a clear and logical approach to understanding the drivers of social investment demand.“
So says Nick O’Donohue, chief executive of Big Society Capital, in his introduction to The First Billion: A Forecast of Social Investment Demand, a report from Boston Consulting Group commissioned by his new wholesale finance institution. He’s completely right, although given that the government has long since taken decision to give Big Society Capital £600million from unclaimed assets, it’s somewhat perplexing that the issue of demand hasn’t merited logical analysis at an earlier stage.
The First Billion is one of two recent reports – the other, the Big Lottery-commissioned ...more
I always liked the idea of co-operative businesses and, in the early 2000s, when I was working in Kentish Town, I often dropped into the local Co-operative supermarket hoping to buy something. Unfortunately, that was easier said than done… My fifth mythbusting column for The Guardian‘s social enterprise network on how view that co-operatives are old fashioned has itself become old fashioned
Having successfully convinced a corporate cloud computing giant to drop a major chunk of its marketing strategy, the umbrella body’s next trick is apparently to attempt to convince some people to do something that you might imagine they would’ve been doing anyway.
SEUK’s research shows that 1 in 4 social enterprises don’t make any regular purchases from other social enterprises at all and while, on the plus side 70% of social enterprises have at least one other social enterprise in their supply chain, only 13% said that the majority of their suppliers are social enterprises. ...more