Charity Commission guidance on social investment welcomed

A new guide to social investment by the Charity Commission has been welcomed by financial and legal experts as it offers clarity on the sector.

In February this year a draft guide was published by the commission but many felt it was too complicated and did not make social investment simpler, reports Third Sector.

The guidance has now been changed to provide greater clarity to charities about social investment, as these organisations are allowed to make an ethical investment to further their objectives even if it may offer below-market return.

Luke Fletcher, a solicitor at Bates Wells and Braithwaite, told the publication: "We feel this will give charities the confidence to get involved in social investment.

"It formally recognises social investment for the first time. It will allow charities to accept a discount on financial return if it supports the charity's purposes to a sufficient degree."

Disability charity Scope revealed this week that it will be launching a £20 million charity bond to help fund 100 new shops across the country.

If you would like to discuss how we can assist you further please contact us on Tel: +44 (0)20 32077400 or email.
 ADNFCR-2318-ID-800785101-ADNFCR