UK – Cameron Pledges Tax Breaks on Social Investments
Bloomberg
U.K. Prime Minister David Cameron said his government will give tax breaks to investments that qualify as having a “social impact” and set up an exchange to allow such instruments to be traded.
Social-impact bonds see investors put money into projects that could save the government money. The state or local government pays out only if they succeed.
Cameron told a conference at Bloomberg LP’s European headquarters in London today he wants suggestions for how such tax relief could be structured to help encourage as much as 500 million pounds ($770 million) of extra investment. He also said the London Stock Exchange will support an online exchange.
UK – David Cameron pledges £250m for local communities to buy pubs and shops
Telegraph.co.uk
Big Society Capital and the Big Lottery Fund will make a long-term commitment of £250 million over the rest of the decade to “communities with ambitions to own local assets like pubs, shops, community centres and affordable housing”, said Mr Cameron.
UK – Social investment can become a mainstream concept, says David Cameron
Third Sector
Prime Minister tells London conference that social investment has the potential to tackle problems such as drugs, unemployment, homelessness and global poverty
Social investment can move from the sidelines to the mainstream, and from the UK to the rest of the world, according to the Prime Minister, David Cameron.
Speaking this morning at the Social Impact Investment Conference in London, which he asked to be convened as part of the UK’s leadership of this month’s G8 summit, Cameron said: “I sense other countries are looking at social investment with huge interest. I hope they will say ‘they have a great model in Britain, let’s roll it out’. I hope it becomes a serious issue, not a side issue.”