One in four charities and one in three social enterprises are involved in the provision of health and social care support.
In the current environment, the trend for outsourcing will continue, and with austerity there will be increasing pressure for cost savings and driving efficiency. Big Society Capital (BSC) wants to help charities and social enterprises stay competitive. In particular, I wanted to understand the barriers faced by E3M members delivering health and social care services in sustaining and growing their businesses in order to see what areas access to capital could help address.
After speaking directly with nine members over the course of the last three months, I convened a roundtable in February with delivery organisations as well as social finance intermediaries; I believed solutions already existed within the social investment marketplace. However, recognising there are gaps, I also wanted to facilitate a frank and open discussion about what BSC should be allocating both in terms of time and capital to deliver for the sector.
Read more on E3M's blog page.