The UK government is set to invest £5 million in socially responsible businesses.
Angela Smith, charities minister, said the money would provide “the missing link between social enterprise and finance.”
Smith announced the investment at this month’s Social Investment Conference, and said she fully supports plans for a Social Investment Wholesale Bank.
“I am keen that we develop ways to harness the power of the market and unlock mainstream capital,” she said.
“Today’s announcement is an example of how the government can fill the gaps in the social investment market, by investing directly and in doing so, leading the way and encouraging the market to follow.”
Read the complete article here:
http://www.financemarkets.co.uk/2009/09/26/government-invests-5m-in-social-enterprise/
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