Milton Keynes Community Foundation was thrilled to work with Philanthropy Impact and RSM UK to deliver a roundtable event discussing Social Impact Investment; innovations and financial incentives chaired by Alexander Boswell DL, Vice Lord Lieutenant of Buckinghamshire, President of MK Community Foundation.
Research shows socially conscious wealth management is increasing and there is a demand from clients for investment alternatives with a social impact bias. A recent survey found that 73% of people with a net wealth of between £50,000 and £100,000 expressed an interest in social investment.*
As the market grows, the importance of this alternative investment form will increase. So what is Social Impact Investment? In short, the provision of finance to organisations addressing social needs with the explicit expectation of a measurable social, as well as financial, return.
The UK Government has set out their ambitions to develop the social investment market by increasing the supply of social investment opportunities, growing the demand and creating an environment that allows the market to thrive. Social Investment Tax Relief (SITR) was launched in April 2014 to help social enterprises raise finance by offering tax breaks to investors.
At the event, we explored if Social Impact Bonds and Social Investment Tax Relief are fulfilling their objectives and asked how they can be used more efficiently.
The panel also addressed issues relating to:
- Financial planning models that can introduce clients to social investment and the role of professional advisers.
- Implications, challenges and opportunities for social enterprises and charities accepting social investment.
- Is it bringing in new investors/new money?
- Are there enough investable propositions?
- The history of Social Impact Bonds and Social Investment Tax Relief, and their benefits.
- Examples of funds and deals.
If you are a Professional Adviser and would like to discuss working with MK Community Foundation or would like to find out more about tax effective giving, please call Jennifer Walker on 01908 6902760 or email email@example.com we would be happy talk to you about your philanthropic objectives.
*Triodos Bank, Impact investing for everyone, 2014.