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Social Investment Bank consultation – Thank you for your input!

Back in August 2009 we asked you to submit your views on the Social Investment Bank proposal the Government has been exploring. Many of you completed our online survey and gave us your thoughts on the proposed development.

We fed your comments and feedback to Legal & General who produced the attached response to the Social Investment Bank Consultation

Response to Social Investment Wholesale Bank Consultation

The Legal & General report was, in turn, used by the Cabinet Office in conducting the attached summary of responses to the Social Investment Bank Consultation.

Cabinet Office – SIB responses

The overall consultation response showed a strong consensus for a mission-driven financial institution, operating independently from government and retail intermediaries and at a wholesale level to support the development of a strong and sustainable social investment market in the UK.

Respondents agreed that the Social Investment Bank should crowd-in – not out – existing and new players and encourage new flows of capital in this space.

Respondents also highlighted that there were deep capacity issues on the demand-side that needed to be addressed, although not necessarily directly by the Social Investment Bank.

 

More information on the consultation can be found on the Cabinet Office site