Golden Lane Housing: Social investment can be 'absolutely the right thing' to do
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Golden Lane Housing: Social investment can be 'absolutely the right thing' to do

24 Oct 2014 | Alice Sharman

The director of Golden Lane Housing, the issuer of the first charity bond to be listed on the London Stock Exchange, has said that despite recent criticism of charities using social finance it can be a useful tool for the sector.

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Golden Lane Housing: Social investment can be 'absolutely the right thing' to do

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Charity Commission won't take action against Society Network Foundation

The Charity Commission will take no action against the trustees of Society Network Foundation, even though it found that the Foundation’s accounts were not Sorp-compliant and that it varied the use of a government grant without obtaining written permission.

Tony Burton, BIG board member, was also an adviser to Big Society Network

The chair of the Big Lottery Fund’s risk committee was an adviser to Big Society Network when he was appointed to the BIG board by the Cabinet Office in December 2012, BIG has confirmed.


National Audit Office building

The National Audit Office has opened a fresh investigation into the funding of Big Society Network, to establish whether the issues identified in its first report indicate “wider systemic problems” within government and the Big Lottery Fund.

Jonathan Jenkins, CEO of Social Investment Business

The chief executive of the Social Investment Business published a tweet on Saturday night shortly after Brooks Newmark resigned, which stated that Nick Hurd was “moved” from his post as minister for civil society.

So B&B operators cannot refuse gay couples a bed in their own home yet banks can assume muslim organisations might be laundering money for terrorists without any criminal act being proved. Its a strange world.

» Finsbury Park Mosque told its bank account will be closed by HSBC

Martyn Rose, chair, Big Society Network

The trustees of Society Network Foundation have rejected the Cabinet Office claim that the charity ought to repay £34,000 of its Social Action Fund grant, insisting that they had permission to transfer the unspent grant into general funds.


The meeting was held at 10 Downing Street

PTA-UK has revealed that it turned down an invitation from Big Society Network to be a partner in its ill-fated Social Action Fund bid because BSN had intimated, at a meeting at 10 Downing Street, that its grant was “virtually guaranteed”, which PTA-UK thought seemed like “a fix”.



Martyn Rose, chair, Big Society Network

A company owned by the chair of Big Society Network donated services totalling more than £54,000 to the Conservative Party just before and after the last election.


CLG seconded five staff to help set up Big Society Network

The Department for Communities and Local Government seconded five civil servants to Big Society Network when it was being set up, at a total cost of around £25,000.


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