This week, the social investment marketplace got busy.
We saw the launch of a bold new growth fund for social entrepreneurs. We heard the latest announcement on the Big Society Bank. And we tasted the potentially game-changing success of pioneering social lender Fair Finance as it secured another £1m from a mainstream bank to extend its financial services to the financially excluded.
The Fair Finance deal was able to go ahead because social investors had stepped forward first to take on the initial risk. Does this light up a path that the Big Society Bank could take for the ‘commercially’ agreed £200m investment from four mainstream banks?
As UnLtd’s Jonathan Jenkins asked in our video interview, does the level of demand exist yet among social enterprises to make use of the £200m? Or would the £200m create the demand by drawing out the big venture ideas that could use it?
Follow the links for all the details on the above, as well as our feature on the first Fairtrade product to come out of Afghanistan – and the third ‘provocation’ from our friends POPse!, who have made Jennifer Aniston the new symbol of the social impact movement.