In the press: Five steps to a more inclusive and sustainable UK economy

19th October 2017

The UK National Advisory Board on Impact Investing is a group of leading figures from business, Government and civil society with a clear mission: to build a more inclusive and sustainable economy in the U.K. It is chaired by Bridges’ co-founder Michele Giddens and supported by the Bridges Impact Foundation. Its new report: ‘The Rise of […]

The UK National Advisory Board on Impact Investing is a group of leading figures from business, Government and civil society with a clear mission: to build a more inclusive and sustainable economy in the U.K. It is chaired by Bridges’ co-founder Michele Giddens and supported by the Bridges Impact Foundation.

Its new report: ‘The Rise of Impact’ features five recommendations for investors, businesses and Government, drawing on the lessons of impact investing to propose concrete steps that would make the UK economy more inclusive and more sustainable.

Over 200 people attended the launch event hosted by the City of London Corporation at the Guildhall this week, where Michele and the rest of the UK NAB outlined an ambitious vision to unlock an additional £300bn for investments that directly address social and environmental challenges, while also establishing the UK as a global hub for impact investing.

The report’s recommendations include: the creation of a £2bn fund to catalyse investment and stimulate opportunities in communities that have seen decades of underinvestment and no real income growth; the creation of ‘Pensions with Purpose’ that will enable savers to invest in line with their values; placing even greater emphasis on social value within public procurement; and strengthening the UK’s role in international development finance.

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, it was established as the successor to the Social Impact Investment Taskforce set up during the UK presidency of the G8. Chaired by Michele Giddens (co-founder of Bridges Funds Management), 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).

The launch was covered by the FT, City A.M., and Pensions & Investments amongst others. We believe this points to a real appetite for constructive ideas about how to can build a more inclusive and sustainable economy.

For more information, and to read the full report, ‘The Rise of Impact’, please visit the UK NAB’s website at www.uknabimpactinvesting.org

 

 

Related News

View all
2nd July 2024

Bridges announces leadership evolution ahead of next growth phase

Michele Giddens will now be sole CEO of the firm, with Philip Newborough moving to a new role as Executive Chair.

Read more
27th February 2024

Bridges exits specialist plant-based food supplier Vegetarian Express

We’re delighted to announce our successful exit from Vegetarian Express, the specialist plant-based ingredients supplier, to NVM Private Equity.

Read more
7th February 2024

Landmark £88m forward funding deal for west London co-living scheme

Bridges and HUB have agreed an £88m forward funding deal with Singapore-based CDL to deliver Yardhouse, our co-living scheme in west London.

Read more
6th February 2024

Construction to begin on sustainable logistics scheme in Bracknell

Bridges and Barwood have secured planning consent to build a new 50,000 sq.ft highly sustainable logistics development in Bracknell, Berkshire.

Read more