“The point is that no one knows whether this neo-liberal Utopianism will work. But its advocates will need to explain it more clearly before individual or corporate investors can be expected to sign up with hard cash.”
That’s Martin Bright, blog for The Spectator about yesterday’s long-awaited launch of Big Society Capital, a wholesale finance institution ‘established to develop and shape a sustainable social investment market in the UK’.
Bright’s actually quite keen on the idea of Big Society Capital, and social investment in general but he also raises the point that: “Big Society Capital will not save charities now facing closure because of the withdrawal of local or central government grants. This is ...more