Oral Answers to Questions

Debate between Baroness Blackwood of North Oxford and Nick Hurd

Wednesday 30th April 2014 Commons Chamber

[Nicola Blackwood (Oxford West and Abingdon) (Con)]

T6. Brilliant social enterprises such as the Oxford student hub propeller project can lead the way in finding innovative solutions to social problems, but they struggle to find sustainable funding. Can the Minister tell me what progress is being made on increasing the availability of social impact bonds, which could make all the difference?

[The Minister for Civil Society (Mr Nick Hurd)]

My hon. Friend is entirely right: we have fantastic social enterprises in this country and they need easier access to capital. This country leads the world in developing social investment. Today we are launching two new funds that will unlock more social impact bonds to deliver what we expect to be better results for thousands of young people at risk of becoming NEET.

Oral Answers to Questions

Debate between Baroness Blackwood of North Oxford and Nick Hurd

Wednesday 13th June 2012 Commons Chamber

[Nicola Blackwood (Oxford West and Abingdon) (Con)]

T6. I am sure that the Minister will join me in applauding the work of the Archway Foundation, which for 30 years has been combating loneliness in my constituency. Like many charities, it is struggling increasingly with excessive regulation. What steps is he taking to combat red tape to let charities do what they do best, which is to help those who are most in need in our communities?

[The Parliamentary Secretary, Cabinet Office (Mr Nick Hurd)]

I am delighted to congratulate the Archway Foundation on its work. My hon. Friend is right that there is too much that gets in the way of charities and voluntary organisations in doing their work. That is why we are undertaking what is probably the most comprehensive review of the regulation and legislation that affects the sector.