Ged Devlin

| Work | Social Economy - all things social investment & community shares | Live | #Salford | All views my own |#socinv #comshares #socent

[Peter Jobson (Peter Alexander Jobson) @peterajobson]

Peter Alexander Jobson in session with Riley & Coe Tomorrow Wed 20.11.24 from 9pm x Get Some x Love Pete xx
Links to my music: https://t.co/GwRFzkDMZ6

[Ged Devlin @DevlinGed]

Not seen a lot of coverage in the sector press on this, but just know ⁦@Hargraver⁩ would have had an angle! 👇🏻

Naomi Campbell banned from being charity trustee https://t.co/dhyDVUD1h8

[Matthew Mckeague @MEMckeague]

'Halifax isn’t necessarily the most affluent area, and on paper this should just not work. But that’s why economists don’t organise live music events.' Could have been a car park. Thankfully it isn't @ThePieceHall. https://t.co/msNWi6iFnU

[Ged Devlin @DevlinGed]

@sawatkiss @KeyFund Loved the Homebaked case study, obviously!

[Ged Devlin @DevlinGed]

The ⁦@KeyFund⁩ 2023 / 2024 Impact report is here - stats and figures behind Key Fund’s investments, as well as the people making a difference in their communities

#socinv https://t.co/nx9ggHJLNi

[Ged Devlin @DevlinGed]

@KeyFund And a case study of @TheFlorrie also features!

[Ged Devlin @DevlinGed]

Working with partners @KeyFund @TheSocialInvest & @resonanceltd we’ve been working on delivering the £300m fund improving local youth facilities across the country

[Ged Devlin @DevlinGed]

…. The evidence in this investigation meant that the level of misconduct and/or mismanagement was serious enough to warrant this action.”

[Ged Devlin @DevlinGed]

Captain Tom’s daughter and her husband banned from being charity trustees https://t.co/kbIxUjXqfE

[Ged Devlin @DevlinGed]

The Charity Commission statement;

“As a fair, independent and evidence-led regulator, we only disqualify someone from serving as a trustee or a senior manager in a charity when the evidence gathered means it is proportionate and lawful to do so…..

[Russell Hargrave @Hargraver]

Guardian reporting that Captain Tom's daughter has been banned from being a charity trustee.

Good moment to re-up this 3.5 years ago. It was trade press, as so often, which ignored the fawning and saw the failures.

https://t.co/QZwoNyUetz

[Ged Devlin @DevlinGed]

Q: Captain Tom Foundation: Why is there no decision on charity?

A: quite normal for complex or high-profile statutory inquiries to take longer than 2 years https://t.co/GYvyaGMXBz

[Ged Devlin @DevlinGed]

(Noted it’s not a direct comparison with direct, retail investment in charities and social enterprises, and why I’d still like to see a successor to SITR, one of the few policy interventions we’ve seen that was solely for the social economy in the past decade)

[Ged Devlin @DevlinGed]

See also @nicktemple1 ‘s take here 👇🏻

I think it’s a great point on how @TheSocialInvest (and others) have used existing schemes to get cash to social enterprises, such as the government's guarantee scheme

[Nick Temple @nicktemple1]

@DevlinGed https://t.co/kRMH7wUyLq

[Nick Temple @nicktemple1]

@DevlinGed https://t.co/kRMH7wUyLq

[Ged Devlin @DevlinGed]

@theboyler So that’s the spike then!

I thought it was more stealth than that.

[Ged Devlin @DevlinGed]

Just got around to looking at the Social Investment Tax Relief stats from last year ( ‘22 - ‘23 )

Seems as it was getting towards the end (closure of the scheme was in Apr ‘23) the amounts and number of orgs raising £££ was pretty consistent

c. 40 orgs p/a raising £5m - £6m

[Ged Devlin @DevlinGed]

@theboyler It does seem such an odd rule, the risk-to-capital / asset backed stuff. And as ever, not much guidance so lots of arbitrary decisions

[Ged Devlin @DevlinGed]

@dawsonjohn I guess there was a consultation and slight stay of execution in that is was phased out rather than a hard stop, but agreed - a successor relief that’s based on an understanding of the underlying business models of the social economy would be a place to start?