Understanding Social Investment Policy: evidence from the evaluation of Futurebuilders in England

WELLS, Peter (2012). Understanding Social Investment Policy: evidence from the evaluation of Futurebuilders in England. Voluntary Sector Review, 3 (2), 157-177.

PDF - Accepted Version
Download (324kB) | Preview
    Link to published version:: 10.1332/204080512X649342


    The concept of social investment has attracted interest from policy makers, financial markets and not for profit organisations. It is an emergent notion which is multi-faceted and includes different market forms, policy responses, and institutional configurations. There is relatively little empirical evidence on the design, implementation and impacts of the various initiatives which have been perceived as falling within the field of social investment. This paper begins to address this gap. It draws on the national evaluation of Futurebuilders in England which was undertaken between 2005 and 2010. At the time Futurebuilders was one of the largest examples of a public policy initiative to support social investment; based on a policy model of government seeking to promote the use of loan funding to third sector organisations as part of a wider agenda of expanding the sector's role in the delivery of public services. The paper explores the effects of the programme on the third sector, on public service delivery and on service users. In conclusion the paper challenges some of the assumptions of this policy model, as well as the potential for 'impact investing' to become a framework for welfare provision.

    Item Type: Article
    Research Institute, Centre or Group: Centre for Regional Economic and Social Research
    Identification Number: 10.1332/204080512X649342
    Depositing User: Emma Smith
    Date Deposited: 19 Sep 2012 17:36
    Last Modified: 20 Sep 2012 09:35
    URI: http://shura.shu.ac.uk/id/eprint/4981

    Actions (login required)

    View Item


    Downloads per month over past year

    View more statistics