Social Network for RSA Fellows
Financiers Judge Social Business Under a Magnified Lens - rightly or wrongly?
Replies to This Discussion
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Permalink Reply by Jeff Mowatt on -
I run a social business. I mean a business which self-sustains, distributes no dividend and has a social goal as its primary objective, tackling poverty.
With current awareness that there are now a million children going hungry in the UK, I despair that 8 years after distributing our business plan we have yet to attract any interest from social investment.
Finding funding was an issue I took up with Baroness Thornton in 2005, when she was chair of the SEC, she still sits on the APPG for social enterprise and has yet to reply to my letter.
There may be some comfort for us in that our advocacy for values led business, changing capitalism for social purpose has reached as far as leading politicians but little comfort in the experience of being shut out, prevented from attaining full potential. No comfort at all for those who go hungry while our reality is turned into political rhetoric.
Take a look at the web page for that APPG and take note of the word showcase. Look at the SE UK awards for 2012 and note that one must compete for PR support.
For a company that receives no grants and does not shield itself from taxation, that isn't a very good deal.
We're investing in social purpose while paying tax and government can't even meet us half-way unless we win the X factor.
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