Agenda item

Report of the Director of Economic Development.

The Social Investment Advisor (SIA) introduced a report of the Director of Economic Development on work undertaken by the SIA since September 2013, including:

·         The hosting of the first ever Global Impact Investment Network (GIIN) conference at Guildhall;

·         The launch of the Social Investment Market Research Council and subsequent commissioning of research projects, currently underway on new sources of capital, pricing of social investment and an analysis of the Financial Promotions Regulations on social investment.

·         The SIA’s role on the EU’s expert panel on social investment, including work towards a ‘Strasbourg Declaration’ at an EU social investment conference in January 2014;

·         A City of London Corporation response to a consultation on crowd-funding recently launched by the Financial Conduct Authority (FCA);

The Assistant Director of Economic Development took the opportunity to inform the Board that the Social Investment Advisor’s work, along with other partners, had influenced recent public policy in the social investment field.

RECEIVED

Rev Dr Martin Dudley left at this point of the meeting.