Another proposal from a social enterprise seeking to raise investment capital has landed on our desks. It is an innovative, asset backed, well structured deal and is motivated by the need to solve housing shortages. The management team have successful track records in property management.  The aggregate of these deals since late summer is approaching £750m. We know of one large accountancy firm that is establishing a specialist sustainability unit.  What this seems to be demonstrating is that the gap between third and first sectors is closing at a faster pace than a year ago.
Is this to be welcomed?  We at Investing for Good think that is exactly what should be happening.