|A record £12.8m was raised into 28 community energy schemes in the five weeks after the UK government announced it was removing certain tax breaks for the sector on 30 November.
Over one third of the total amount raised was done so through the positive investment and savings platform Ethex. Chair of Ethex Jamie Hartzell said: “Last Wednesday we saw over £1m investment raised in just 24 hours.”
Big Society Capital’s Matt Robinson and Daria Kuznetsova wrote that the Chancellor’s confirmation that renewable energy will no longer be eligible for any investor tax reliefs will “put the brakes on the promising growth of genuine community energy projects” in their analysis of the spending review.
At the European Venture Philanthropy Network’s Annual Conference in Madrid the European Social Enterprise Law Association was launched and the spotlight was put on the social ventures across Europe on a mission to support refugees arriving in their masses from fragile states.
And lastly, over in the States the grandson of the world’s most successful investor Warren Buffett has co-founded a responsible investment firm that will only invest in “companies with high potential for sustained social impact and stable cash flow”.
Source: Pioneers Post
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