The House of Lords Select Committee on Charities has today published Stronger charities for a stronger society, its report investigating the sustainability of the charity sector, containing 100 recommendations for the sector.
Responding to the report, Cliff Prior, CEO of Big Society Capital, said:
"Big Society Capital welcomes the Select Committee's findings and recommendations. Many of the recommendations echo what we have heard from our stakeholders, particularly in our Stakeholder Survey last year and in the engagement work we have carried out as part of our strategy review process. Investment readiness programmes are of enormous importance to charities and social enterprises, while simplifying and standardising transactions could help reduce costs. We are also encouraged by the number of smaller organisations taking on the smaller loans available through Access - the Foundation for Social Investment. But there is still more work to be done. We hope that our new strategy, launching later in the year, will provide greater focus and enable more charities and social enterprises to access the repayable finance they need to tackle important social issues."