Ged Devlin @DevlinGed
| Work | Social Economy - all things social investment & community shares | Live | #Salford | All views my own |#socinv #comshares #socent The North West. London a bit Joined May 2013-
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Ged Devlin retweeted
Peter Alexander Jobson in session with Riley & Coe Tomorrow Wed 20.11.24 from 9pm x Get Some x Love Pete xx Links to my music: peteralexanderjobson.co.uk
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Not seen a lot of coverage in the sector press on this, but just know @Hargraver would have had an angle! 👇🏻 Naomi Campbell banned from being charity trustee theguardian.com/fashion/2024/s…
Ged Devlin retweeted
'Halifax isn’t necessarily the most affluent area, and on paper this should just not work. But that’s why economists don’t organise live music events.' Could have been a car park. Thankfully it isn't @ThePieceHall. theguardian.com/uk-news/articl…
@sawatkiss @KeyFund Loved the Homebaked case study, obviously!
The @KeyFund 2023 / 2024 Impact report is here - stats and figures behind Key Fund’s investments, as well as the people making a difference in their communities #socinv combinestudio.dev/key-fund/
@KeyFund And a case study of @TheFlorrie also features!
Working with partners @KeyFund @TheSocialInvest & @resonanceltd we’ve been working on delivering the £300m fund improving local youth facilities across the country
…. The evidence in this investigation meant that the level of misconduct and/or mismanagement was serious enough to warrant this action.”
The Charity Commission statement; “As a fair, independent and evidence-led regulator, we only disqualify someone from serving as a trustee or a senior manager in a charity when the evidence gathered means it is proportionate and lawful to do so…..
Captain Tom’s daughter and her husband banned from being charity trustees theguardian.com/uk-news/articl…
Ged Devlin retweeted
Guardian reporting that Captain Tom's daughter has been banned from being a charity trustee. Good moment to re-up this 3.5 years ago. It was trade press, as so often, which ignored the fawning and saw the failures. civilsociety.co.uk/news/captain-t…
Q: Captain Tom Foundation: Why is there no decision on charity? A: quite normal for complex or high-profile statutory inquiries to take longer than 2 years bbc.co.uk/news/articles/…
(Noted it’s not a direct comparison with direct, retail investment in charities and social enterprises, and why I’d still like to see a successor to SITR, one of the few policy interventions we’ve seen that was solely for the social economy in the past decade)
See also @nicktemple1 ‘s take here 👇🏻 I think it’s a great point on how @TheSocialInvest (and others) have used existing schemes to get cash to social enterprises, such as the government's guarantee scheme
Ged Devlin retweeted
@theboyler So that’s the spike then! I thought it was more stealth than that.
Just got around to looking at the Social Investment Tax Relief stats from last year ( ‘22 - ‘23 ) Seems as it was getting towards the end (closure of the scheme was in Apr ‘23) the amounts and number of orgs raising £££ was pretty consistent c. 40 orgs p/a raising £5m - £6m
@theboyler It does seem such an odd rule, the risk-to-capital / asset backed stuff. And as ever, not much guidance so lots of arbitrary decisions
@dawsonjohn I guess there was a consultation and slight stay of execution in that is was phased out rather than a hard stop, but agreed - a successor relief that’s based on an understanding of the underlying business models of the social economy would be a place to start?
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