10 Mar 2014
The Big Lottery Fund has announced a new £150m fund to invest in community-led enterprises across England, the largest ever fund of its kind.
A survey of 127 mostly small and medium-sized charities has shown that 5 per cent hold no reserves at all, and nearly a quarter hold less than three months’ worth. But nearly half of them hold reserves that would last at least six months, according to the survey by CAF Bank.
The UK commercial property market returned to growth in August for the first time since June 2007. According to the IPD UK Monthly Index, the market climbed 0.2 per cent, the result of a continued easing in negative rental value growth, which improved by 10 basis points to -0.48 per cent over August, and a second-consecutive positive yield impact, at 0.64 per cent.
Market recovery or false dawn? With equities back to more comfortable levels, Richard Maitland asks whether it can last. In March, investors questioned the prudence of investing in equities. Capitalism was crumbling, with the banking crisis at its height. Even if you had held UK equities since May 1996 you would have lost money on a total return basis in “real” terms.
Colin Nee argues innovation isn’t enough. Now that political debate about public spending has moved from the synthetic argument about whether savings will be made to how, there is space and an urgent need to focus on how to shape the post-recession economy. Innovation could be key to driving future growth but only if investment is there to propagate good ideas and scale them up.
Perhaps the wider message for us all is that - if you ask for help at the 11th hour, you are already a few hours late!
The founders of PinkStinks, the campaign to challenge the culture of ‘pink’ that pervades every area of girls’ lives, have won the first Women Creating Change Award at the 2009 Sheila McKechnie Campaigner Awards.
The Social Enterprise Coalition (SEC) has appointed Peter Holbrook as its new chief executive. Holbrook is currently the CEO of Sunlight Development Trust. He replaces Jonathan Bland, who is departing in the new year.
Carl Allen, chair of Local Compact Voice and Compact Users Group, has threatened to make a formal complaint about Compact Voice to the Office of the Third Sector.
Stephen Bubb, chair of Social Investment Business, has criticised the government for holding a consultation on the proposed social investment wholesale bank (SIWB), complaining that a bank “just needs to be established now”.