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The social investment market could be worth £1bn by 2016, according to The First Billion: A Forecast Of Social Investment Demand, published the 13 September 2012. Big Society Capital, launched in April 2012, has already made investment commitments of £8 million, including investments to help the long-term unemployed set up their own businesses, support young people into employment, enable communities to develop their own energy projects and provide community owned affordable housing.
In July 2012, Growing the Social Investment Market: Progress Update was been published, which details priorities for the next 12 months. The government is looking to support social entrepreneurs by providing extra finance and support, and support more social impact bonds to get off the ground, and enable social ventures to deliver large public services contracts through potentially developing an Outcomes Finance Fund.
In July 2012 the government also announced that start-up social ventures will now be able to access intensive support through the new £10 million Social Incubator Fund. The Social Incubator Fund will strengthen the growing social investment market by providing start-ups with intensive support to enable them to take advantage of social investment opportunities so they better serve communities and people most in need.
This forum will explore the government’s plans to grow the social investment market, as well as examine alternative sources of investment and the role the voluntary, community and social enterprise sector will play in the Big Society.
View the full agenda here.
Delegates attending this forum will include financial investigators, benefits directors, benefits investigators, heads of investigations and inspections, welfare teams, debt recovery managers, heads of ICT, heads of data management and will be drawn from central government, local authorities, the voluntary and community sector and the private sector.