A couple facts:
- The UK announced 30% in tax relief for social investments and launched the long-awaited Social Stock Exchange.
- In the US, the Obama administration started the National Impact Initiative to boost the use of impact investing as part of its economic development efforts.
- The G8 meeting in London launched three projects to help the development of the impact investing market: research commissioned from the Organization for Economic Co-operation and Development on global developments in the market; a Global Learning Exchange to develop and share best practices; and a Social Impact Investment Taskforce, which will include four working groups focusing on impact measurement, asset allocation, mission lock, and international development.
- The European Union adopted a regulation in April, 2013, defining a new “European Social Entrepreneurship Fund” label, to make it easier for investors to identify funds with at least 70% of capital supporting social businesses.
But apparently the investors are swimming in a little pool yet, not finding enough well thought social entrepreneurship endeavours to invest into. I am constantly finding amazing communities within social entrepreneurship so it’s interesting that there should a shortage? But at the same time it brightens the future in my eyes!