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Impact investing to receive a GBP300 billion boost

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The UK National Advisory Board on Impact Investing is launching its report today with clear steps to create a more inclusive and sustainable economy.

It reveals an opportunity to unlock an additional GBP300 billion over the next 10 years to directly help address social and environmental challenges including affordable housing, climate change and the social care crisis.

The UK NAB is the UK’s voice in a Global Steering Group of 15-member states plus the EU, chaired by Sir Ronald Cohen, and was established as the successor to the Social Impact Investment Taskforce set up during the UK presidency of the G8.

It is composed of a diverse group of senior leaders from public, private and non-profit sectors of the economy.  Chaired by Michele Giddens (co-founder of Bridges Funds Management), its members include David Blood (co-founder of Generation Investment), Saker Nusseibeh (CEO of Hermes Investment Management), Sacha Romanovitch (CEO of Grant Thornton), and Hazel Blears (former Labour MP).

Entitled ‘The Rise of Impact: Five Steps Towards an Inclusive and Sustainable Economy”, the report is aimed at business leaders, investors and Government. The authors write that it is an important milestone as impact investing moves from the margins to mainstream.

Recommendations include:

The creation of a GBP2 billion ‘Inclusive Economy Catalyst Fund’ to jump-start investment and growth in communities across the UK that have seen no real income growth for decades.

Institutional investors seizing on the investment opportunities that help achieve the UN Sustainable Development Goals in the UK, following the precedent of European Financial institutions that are already leading the way.

The creation of ‘Pensions with Purpose’ which will enable savers to invest in line with their values (77 per cent of DC pension fund members have said they would prefer a social investment fund compared to a conventional one)

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