Video: Launch of Big Society Capital
Big Society Capital is a new social investment wholesaler in the UK that will invest £600m in social investment finance intermediaries (SIFIs) – organisations that provide finance and support to social sector organisations. A number of investments have already been approved.
Upon the launch roughly three weeks ago, a video explaining the intended role and rationale for Big Society Capital was released. It features commentary from leading figures (such as Ronald Cohen, Chair) involved with this groundbreaking initiative, as well as social entrepreneurs, that 'will be a champion for social investment'.
What is the most important function that you think Big Society Capital will, or can, perform in the UK? Is there a need for a similar wholesaler in Canada, or will that evolve over time? Add your thoughts below in the comments!