Eight years after it was created amid a buzz of optimism, the Global Social Entrepreneurship Network has shut for good. Its closure has stark lessons for those supporting social enterprises, writes GSEN co-founder Krisztina Tora.
Government-funded Impact Programme and its 12 grantees – including GSG, GIIN, and Impact Investing Institute – in the dark on future financing, with 2021 aid budget still unconfirmed by ministers.
Frustrated former minister who helped birth UK’s social investment policy warns powerful department for business is now falling behind on major global shift towards purpose-led business and ESG.
PLUS: A first crowdfunded impact bond Israel and a new ‘career impact bond’ for American students; MacArthur Foundation’s catalytic capital investment; new climate fund from Aberdeen Standard and Big Issue Group, and more.
Inspiration and analysis for policymakers across the Asia-Pacific are provided in research published this month by GSG and UNESCAP. The aim is to boost the role of governments in catalysing impact investment in their countries.
SOCAP Virtual: Previously the message to government was: step aside and let us get on with it. Now advocates of impact investing want Washington to step up – regardless of who’s in the White House.
PLUS: Social Impact Ventures rebrands and doubles fund size; Save the Children Australia impact fund opens for business; UN’s first outcomes fund; the new $400m 'blank-cheque' sustainability company; and more.
