Sharing economy for social good

Innovation charity Nesta is promoting, and supporting, the idea that the sharing economy can be used for good causes, not just as a way of renting out rooms.

A recent news item leads with the statement that the “younger generation (is) adopting ‘sharing economy’ platforms for social benefit, not just profit”:

  • Nearly a third of 16-34 year olds have used a collaborative economy platform for ‘a good cause’ in the past 12 months
  • Yet some 45 million British adults are not aware of how ‘sharing economy’ technologies can help them access social support services, or support community causes
  • But nearly a quarter (22%) of those would be interested in using one in in the future.
 » Continue reading news item ... “Sharing economy for social good”

Growth in community-run businesses

An assessment of the community business sector in England found that it grew faster than charities and small businesses last year.

Research institute Power to Change commissioned Social Finance this summer to follow up on earlier reports ‘What if we ran it ourselves?’ and ‘The State of the Community Business Market’.

Some stats as reported by Civil Society News on the number of such businesses and growth since 2015:

  • Around 300 local libraries (20 per cent growth).
 » Continue reading news item ... “Growth in community-run businesses”

Support to get trustees considering social investment

The trustees and committee members of charities and social enterprises are the target of a new campaign to help them understand the risks and opportunities of social investment.

The Get Informed campaign has been launched by Big Society Capital along with Association of Chairs, Honorary Treasurers Forum and Cass Centre for Charity Excellence. The Charity Commission (England and Wales) is also involved, following its research that revealed “skilled and engaged boards” were better able to consider alternative funding methods to achieve their strategy. » Continue reading news item ... “Support to get trustees considering social investment”

State of play with Payment by Results and Social Impact Bonds

Sector thinktank NPC has two articles looking at where we are with Payments by Results and its “natural partner”, Social Impact Bonds.

Making sense of payment by results‘ starts with

While not as newsworthy as it was three or four years ago, PbR has steadily become a common commissioning model. In 2015, the National Audit Office identified 52 schemes containing an element of PbR in the UK, worth a total of £15bn of public money.

 » Continue reading news item ... “State of play with Payment by Results and Social Impact Bonds”

Guidance on social investment by charities

The Charity Commission (England and Wales) has produced updated guidance to coincide with a new social investment power for charities. The first phase of the Charities (Protection and Social Investment) Act 2016 came into force from 31st July, including this and some powers for the Charity Commission.

As outlined in a short piece by solicitors Bates Wells and Braithwaite,

The power confirms charities’ ability to make social investments.

 » Continue reading news item ... “Guidance on social investment by charities”

Guidance for social enterprises on Scottish charity registration

Scotland’s charity regulator OSCR has published new guidance for social enterprises thinking about becoming a charity. In the form of FAQs, this addresses some of the questions applicants have about becoming a charity, as well as some of the issues OSCR frequently sees in applications from social enterprises. 

See OSCR news item or direct to the social enterprise FAQs (also available as 9 page pdf download, 118KB).