| Work | Social Economy - all things social investment & community shares | Live | #Salford | All views my own |#socinv #comshares #socent

The North West. London a bit
Joined May 2013
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Peter Alexander Jobson in session with Riley & Coe Tomorrow Wed 20.11.24 from 9pm x Get Some x Love Pete xx Links to my music: peteralexanderjobson.co.uk/
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Not seen a lot of coverage in the sector press on this, but just know ⁦@Hargraver⁩ would have had an angle! 👇🏻 Naomi Campbell banned from being charity trustee theguardian.com/fashion/2024…
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Replying to @sawatkiss @KeyFund
Loved the Homebaked case study, obviously!
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Replying to @DevlinGed @keyfund
And a case study of @TheFlorrie also features!
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Working with partners @KeyFund @TheSocialInvest & @resonanceltd we’ve been working on delivering the £300m fund improving local youth facilities across the country
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There is a section on the Youth Investment Fund Key Fund are proud to have allocated over £50m across 90 sites, predominantly in the North West, Yorkshire, and the Humber
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The ⁦@KeyFund⁩ 2023 / 2024 Impact report is here - stats and figures behind Key Fund’s investments, as well as the people making a difference in their communities #socinv combinestudio.dev/key-fund/
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…. The evidence in this investigation meant that the level of misconduct and/or mismanagement was serious enough to warrant this action.”
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The Charity Commission statement; “As a fair, independent and evidence-led regulator, we only disqualify someone from serving as a trustee or a senior manager in a charity when the evidence gathered means it is proportionate and lawful to do so…..
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Guardian reporting that Captain Tom's daughter has been banned from being a charity trustee. Good moment to re-up this 3.5 years ago. It was trade press, as so often, which ignored the fawning and saw the failures. civilsociety.co.uk/news/capt…
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Q: Captain Tom Foundation: Why is there no decision on charity? A: quite normal for complex or high-profile statutory inquiries to take longer than 2 years bbc.co.uk/news/articles/cxxx…
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(Noted it’s not a direct comparison with direct, retail investment in charities and social enterprises, and why I’d still like to see a successor to SITR, one of the few policy interventions we’ve seen that was solely for the social economy in the past decade)
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So that’s the spike then! I thought it was more stealth than that.
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It does seem such an odd rule, the risk-to-capital / asset backed stuff. And as ever, not much guidance so lots of arbitrary decisions
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So if I remember correctly Dave ( & I might not be) they’d already removed Community Energy for SITR by the 2016 date, so it was a non-starter?
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Replying to @dawsonjohn
I guess there was a consultation and slight stay of execution in that is was phased out rather than a hard stop, but agreed - a successor relief that’s based on an understanding of the underlying business models of the social economy would be a place to start?
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