Nesta plans to develop social finance market

The National Endowment for Science, Technology and the Arts has announced the start of a new programme to develop a social finance market.

The project, which forms part of Nesta’s Challenge social innovation programme, will look into ways of bringing risk capital to the market and explore methods by which sustainable equity funds could attract new investors.

The Nesta project will build on the idea that the role of small investors has been overlooked and will develop ways of engaging them.

Rowena Young, former director of the Skoll Centre for Entrepreneurship at the Saïd Business School, has joined Nesta as programme director of social innovation and finance. The centre is now recruiting a social finance manager to implement the programme, further details of which are due to be announced in the next month.

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