Finance: Unwin urges online support for social businesses

Helen Warrell

A shared web page where social businesses could be put in touch with likely sources of capital would help to establish a social investment market.

This is the conclusion of new research by Futurebuilders and CAF Venturesome, which examines whether the UK social investment market needs an intermediary to help applicants find appropriate sources of finance.

It was commissioned on behalf of the Social Investment Market Group and written by sector consultant Julia Unwin.

The other key recommendations are that a programme should be set up to ensure sector funding advisers develop their skills, and that a systematic method should be developed so that funders can consider proposals jointly and allocate them accordingly.

"This research deals with a new sort of finance - a move from grant income to different sources of capital," Unwin said. "Negotiating such capital involves a new set of skills."

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