The Law Commission has published its final recommendations following a consultation on the difficulties that might be faced by charity trustees under the current law when making social investments. The recommendations include a new statutory power on social investment as well as connected statutory duties, and improving guidance from the Charity Commission and HM Revenue and Customs.
Civil Society Media news item http://www.civilsociety.co.uk/finance/news/content/18213, NCVO welcomes the clarity and gives an overview, or see the full recommendations.
Meanwhile, the Charities Aid Foundation has its own report on social investment, and points out that while this has huge potential, the reality is that charities are more in need of practical, less glamorous forms of investment. CAF has eight recommendations for policymakers, listed in its press release, which also links to ‘Returns Policy? What the next decade holds for social investment’ (pdf, 3.9MB).