Social Enterprises: Investment

(asked on 14th January 2019) - View Source

Question to the Department for Digital, Culture, Media & Sport:

To ask Her Majesty's Government whether there is any evidence of social investment vehicles mis-selling to charities and small and medium-sized enterprises.


Answered by
Lord Ashton of Hyde Portrait
Lord Ashton of Hyde
This question was answered on 28th January 2019

Social investment funds are independently regulated, and subject to their own respective due diligence processes, target market and risk and return objectives. Any losses are assessed and accounted for within their own governance, reporting and risk management processes. The government has made no independent assessment of the number of competing funds and the gains/losses made.

Big Society Capital operates independently from government and sets what it considers to be an appropriate interest rate.

Government has not been made aware of any evidence of mis selling to charities and small and medium-sized enterprises.

Individual social investment vehicles measure and publish their own impact assessments based on the specific geography and nature of investments made.

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