News

06 October 2009

NPC responds to the Office for the Third Sector’s Social Investment Wholesale Bank consultation

New Philanthropy Capital (NPC) broadly supports the idea of the Social Investment Wholesale Bank – a new financial institution for investing in charities and social enterprises – proposed by the Office for the Third Sector.

However, NPC believes that plans for the Bank must more clearly recognise the role in creating an evidence base for impact of social investment. Without giving this attention, the Bank will struggle to be an effective champion for social investment, it will struggle to raise capital and invest it efficiently, and, crucially, will not succeed in building the market.

• To read NPC’s response, see here.
• For more on the proposals, see here.

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