12 December 2017: A new report launched today by national charity Re-Solv and Bates Wells Braithwaite’s social impact unit, entitled “The Social Impact of Solvent Abuse”, underlines the potential extent of solvent abuse across England and Wales today.
Luke Fletcher is interviewed by LinkedIn feature writer Samir Goel on his perspective on the innovative legal field.
Sung-Hyui Park recently joined BWB as a Senior Associate. As a former banking lawyer specialising in lending and M&A transactions, Sung-Hyui comes to BWB with a wealth of experience and technical expertise she hopes to use for the benefit of clients working in the social investment market.
A common complaint about SIBs is that they are complicated. Often the appropriate response to this is, ‘of course they are’. The aim is to create new forms of service delivery, working with service users with multiple issues. They involve a range of stakeholders who share some common objectives (based around the intended social impact) but also have their own organisational imperatives. David Hunter talks about two recent SIBs on which he and BWB have advised.
Big Society Capital (BSC) announced the launch of its new “Crowd Match Fund” on 7 December.
In this week's Charity Briefing, ICSA and the Investment Association are to publish joint guidance; a multi-million pound package to support children with special educational needs and disability has been announced; the Fundraising Regulator has sent out its January newsletter; and New Philanthropy Capital has published a briefing paper.
Mission-led business review recommends Government formally explores creation of 'benefit company' status >
In a report published yesterday, the advisory panel to the Cabinet Office’s Mission-led Business Review is recommending, amongst other interesting proposals, that the government explores the possibility of creating a new “benefit company” legal status in English law.
Writing in a personal capacity, David Hunter of Bates Wells Braithwaite laments that social investment is becoming more about returns than impact.
From 6 April 2017, the amount of investment social enterprises aged up to 7 years old can raise through Social Investment Tax Relief (SITR) will increase to £1.5 million. Other changes will be made to ensure that the scheme is well targeted.
The new social investment power introduced by the Charities (Protection and Social Investment) Act 2016 came into force on 31 July 2016. BWB's Luke Fletcher and Oliver Hunt discuss what this new power means for trustees.