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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Kevan Jones

A Virgin Money donation of £1m to charities in the North East has been described as “paltry” by Labour MP for North Durham, Kevan Jones.

Angel of the North (image credit: Christine Matthews)

Virgin Money has announced plans to invest £1m in the North East after its offer to part-fund the Northern Rock Foundation fell through yesterday.

Northern Rock Foundation says closure is now 'likely' after Virgin Money offer falls through

The Northern Rock Foundation is preparing to wind up after an offer of funding from Virgin Money fell through because the charity cannot raise the £3m-a-year match funding that offer needs.

UK Community Foundations wants government to discourage new private trusts

Umbrella body UK Community Foundations has recommended tougher restrictions on private trusts in order to improve effectiveness, in its ‘philanthropy manifesto’ for the general election.

Congratulations to the RNLI - this only goes to prove that working on long term (and short term for that matter) legacies really pays dividends in the end.

» RNLI legacy income rises to record £118m

Graphics for Britain's Personal Best

The Big Lottery Fund has withdrawn the £1m grant awarded to the Britain’s Personal Best project after it failed to reach any of its targets.



Northern Rock Foundation says closure 'inevitable'

The Northern Rock Foundation will close after it failed to reach a funding agreement with Virgin Money, the new owner of the Northern Rock bank.

Dawn Austwick, chief executive of the Big Lottery Fund

The Big Lottery Fund is embarking on a strategic review that will underpin its direction and priorities for the next three to six years.


Martin Brookes, CEO of Paul Hamlyn Foundation

Paul Hamlyn Foundation chief executive Martin Brookes has admitted to harbouring personal doubts about social investment, suggesting there are ethical issues around it that the sector has yet to confront.

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