Third sector must create 'social investors' coalition'

Community Development Finance Association leader calls for a more integrated agenda

Ben Hughes, interim chief executive, Community Development Finance Association
Ben Hughes, interim chief executive, Community Development Finance Association

Third sector lenders should create a "coalition of social investors" to develop an agenda for their sector, according to the interim chief executive of the Community Development Finance Association.

Ben Hughes, who took over at the umbrella organisation for community development finance institutions last month, told Third Sector that a diverse group of social investment organisations were working on a number of different issues, and that they needed to work together.

"There's a need for a coalition of social investors," he said. "We feel absolutely that there's a need for a more integrated agenda.

"There's a process of cultural evolution taking place, and we need to work together to make sure it's effective."

Hughes said that he hoped CDFIs could form partnerships at a local level with organisations such as housing associations, settlements and development trusts to make it easier to lend to people most in need of CDFI finance.

Rod Schwartz, chief executive of the social investment consultancy ClearlySo, said he thought the coalition was a bad idea.

"We don't all need to get together behind the same agenda," he said. "Let everyone ask for what they want and see who's successful. I quite like the chaos of a marketplace of ideas."

David Ainsworth recommends

CFDA

Read more

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus
Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +

Latest Jobs

RSS Feed

Third Sector Insight

Sponsored webcasts, surveys and expert reports from Third Sector partners

Markel

Expert Hub

Insurance advice from Markel

Guide: What insurance does your charity need?

Guide: What insurance does your charity need?

Partner Content: Presented By Markel

Third Sector Logo

Get our bulletins. Read more articles. Join a growing community of Third Sector professionals

Register now