The government is publishing two strategies outlining its plans for social investment in the UK and overseas.
Social investment uses private capital to generate social as well as financial returns. It helps social sector organisations do more by providing the capital they need to provide their services, grow or become more sustainable.
Two new strategies will set out the government’s plans to use social investment to transform public services, develop the social economy, and to strengthen the UK’s social investment market.
The international strategy sets out for the first time how government plans to develop the UK as a global hub for social investment.
A new website also provides information for international investors on investing in the UK.
Minister for Civil Society, Rob Wilson, said:
“The time for social investment has arrived and it’s here to stay. These strategies show the strength of our ambition for this sector, ensuring that more and more people are using their money to transform lives and encourage economic growth.
Through social investment we are revolutionising the way that public services are delivered, aligning the interests of local authorities, social investors and charities while at the same time helping the most disadvantaged in society. Let’s continue to drive the sector forwards and build a stronger, more compassionate society.”