Social investing can achieve significant value for local taxpayers

By Robert Pollock and Vidhya Alakeson | 21 August 2018

As place-shapers, regulators, commissioners of services and large employers, local authorities have a mission to promote the economic and social well-being of their communities. They will need to pay much more attention to sustain and grow their tax base as budgets become increasingly self-financing. Many authorities have also developed sophisticated asset management and investment strategies to generate income that can fund core services. But these are conventional investments not socially-motivated impact investments. Are they missing an opportunity here?

New research published by Power to Change, the independent trust supporting community businesses in England, conducted by Social Finance, a not-for-profit social investment intermediary, shows that relatively inexpensive funds for investment do exist and can be used by enlightened councils seeking to deliver financial and social or environmental returns to benefit local communities.

Want full article access?


Receive The MJ magazine each week and gain access to all the content on this website with a subscription.

Full website content includes additional, exclusive commentary and analysis on the issues affecting local government.

`

Already a subscriber? Login

Budgets and efficiency Local economies Economic growth Investment
Top

Coronavirus Update

x

In light of the ongoing coronavirus crisis, some of you may not be able to receive your copy of TheMJ magazine. If you’d like to change your delivery address, please contact our subscriptions department at customer@hgluk.com
Read The MJ for free

OR
Keep up to date by subscribing to our daily newsletter

theMJ products