Social Firms UK

Social Firms UK welcomed the Government’s proposals for a Social Investment Wholesale Bank that could support investors and lenders with a social purpose. There is clearly a need for a wholesaler to support the long-term growth of the third sector by working with investors and lenders at the “retail” level, and its mission should make this focus clear. We do not agree with the proposal that the Bank might carry out advice services, because this would just duplicate or displace existing services.