What will the Scottish Government's Social Enterprise Strategy do for social investment?
The Scottish Government's new ten year Social Enterprise Strategy is likely to be launched before Christmas. Like many, I am waiting to see what's included in the social finance section of the strategy. A few of the stories in this bulletin (SITR opener and BSC story below) highlight that to-date the focus has been on the supply side. In particular growing the number of social finance providers and the number of 'social' investors. Where there has been much less attention is increasing the demand for social finance and addressing the issues and barriers stopping organisations from accessing finance, such as lack of understanding of social investment; lack of blended finance; lack of available low cost risk and patient capital etc. Until the Strategy is available, have a re-read of the sector's SE Vision document that came out in 2015...Read More