SIB community not alone in being underwhelmed by the Machiavellian machinations of a political but fiscally illiterate British Finance Minister in the latest British budget as well as a broader view of the wider world in today’s SIB News…
Social Enterprise UK Finds Budget A Bit ‘Meh’
Ellie Ward – Pioneers Post
Changes to the Small Business Rate Relief, additional funding for a rough sleeping social impact bond and £60m for community-led housing developments were among the key announcements relevant to the UK’s social enterprise sector in the budget.
George Osborne announced that the government will permanently double Small Business Rate Relief from 50% to 100% and increase the thresholds to benefit a greater number of businesses.
Deputy CEO of Social Enterprise UK (SEUK) Nick Temple said in response: “Social enterprises will welcome many of the announcements aimed at helping small and medium sized businesses, whilst feeling that the Government still needs to pay more attention to delivering fairness and social justice… In general, this is a budget which will do little to either enthuse or depress the resilient and committed social enterprises working hard across the country.”
Can Social Impact Bonds Help Bridge Global Education’s $39 billion Funding Gap?
Flexlearnstrategies
There is an estimated annual financing gap of US$39 billion between current spending and what will be needed to reach quality universal education goals by 2030. An array of new funding mechanisms are striving to bridge this gap, and now more organizations are asking: Can social impact bonds help us scale effectively?
Global experts, like Sir Ronald Cohen and Emily Gustafsson-Wright and others at a recent Brookings hosted event, increasingly view social impact bonds as a promising new funding model, particularly for interventions targeting each childhood development (ECD).