Partner and senior counsel, Bates Wells Braithwaite
Stephen Lloyd is partner and senior counsel at Bates Wells Braithwaite. He has been a partner at BWB since 1984, and has particular expertise in the interface between charities and trading.
He is author and presenter of numerous articles and seminars, and an adviser to CAF's Venturesome Investment Fund. He is a former chairman of the Charity Law Association, and current chairman of CaSE, LifeHaus Plc and the Centre for Innovation in Voluntary Action.
Lloyd was instrumental in creating the Community Interest Company legal structure.
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A proposal for a general power to make it easier for charities to participate in social investment has received broad support from sector representatives.
Charities should welcome the proliferation of non-charitable social enterprises because growth in the social enterprise market is the only way to combat the takeover of public services by corporates, according to charity lawyer Stephen Lloyd.
St Andrew’s Healthcare, one of the largest charities in the UK, has been told by commissioners that calling itself a social enterprise will help it win contracts.
If it looks like a duck, walks like a duck and quacks like a duck, does it really matter whether it's labelled as a duck or re-branded as an aquatic avian? Last year The Ark generated £48,500 from trade and £47,500 from grants, so can we call ourselves a social enterprise? Social enterprise is an attitude, not a legal structure.
The CIC Association has recommended that the individual 20 per cent dividend cap be set against the profit a community interest company makes, rather than pegged to the value of an investor's initial stake.
Rosie Chapman ponders how the charity brand can protect itself in the melee of competition for service delivery contracts.
Community interest companies must scrap the 20 per cent cap on dividend pay-outs if they are to thrive, Bates Wells & Braithwaite senior partner Stephen Lloyd said on Friday.
The government should bring forward a new ‘Charity and Social Economy Bill’ containing various measures to boost the social investment market, according to senior lawyers from Bates Wells & Braithwaite.