Better Society Capital Joins UK Government's Social Impact Investment Group
Funding | Feb 03, 2025 | Big Society Capital
The UK Government has established a new Social Impact Investment Advisory Group as part of its 2024 Budget commitment, aiming to mobilize private investments for positive social outcomes. Better Society Capital CEO, Stephen Muers, is among the prominent members joining the group, which is set to be chaired by Dame Elizabeth Corley. This initiative marks a significant recognition by the government of the role social impact investments can play in tackling pressing social and environmental challenges. Working alongside government officials like Chief Secretary to the Treasury Rt. Hon. Darren Jones MP, and DCMS ministers, the group aims to refine government strategies on social impact capital, ensuring both financial returns and societal benefits are achieved. Since its inception in 2012, Better Society Capital has played a pivotal role in channeling over £10 billion into social initiatives. The advisory group is expected to further enhance this ecosystem by fostering innovative investment strategies that transcend traditional paradigms. Overall, the development indicates a promising future for the social impact investment sector in the UK.
Sectors
- Social Impact Investment
- Financial Services
Geography
- United Kingdom – The initiative is a UK Government-led endeavor, with participants and impacts focused primarily within the UK.
Industry
- Social Impact Investment – The article discusses the creation of a Social Impact Investment Advisory Group, aiming to mobilize private capital for social causes, highlighting the relevance of this sector.
- Financial Services – The involvement of financial institutions like Better Society Capital and the mention of investments indicate relevance to the Financial Services industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Better Society Capital | Social Impact Investor | Company | The UK's leading social impact investor, investing to tackle social issues and inequalities. |
| Stephen Muers | CEO of Better Society Capital | Person | Participating as a member of the Social Impact Investment Advisory Group. |
| HM Treasury | Government Body | Government | Collaborating with DCMS to establish the Social Impact Investment Advisory Group. |
| Department for Culture, Media and Sport (DCMS) | Government Department | Government | Jointly leading the initiative with HM Treasury to advance social impact investment. |
| Dame Elizabeth Corley | Chair of Social Impact Investment Advisory Group | Person | Leading the group to guide the UK Government's strategy on impact capital. |
| Rt. Hon. Darren Jones MP | Chief Secretary to the Treasury | Person | Involved in the collaboration for the Social Impact Investment Advisory Group initiative. |