Agenda item

(Alderman Peter Hewitt)

13 December 2013

Social Investment Board - Update on activities

Under the leadership of the Policy & Resources Committee, the City Corporation is working to position London as a global hub for social investment. In October 2012 the Court approved a designation of £20 million from Bridge House Estates for investments that produce a positive financial return and demonstrable social benefit and we submit a printed and circulated report informing Members of progress and we recommend that it be noted.

SOCIAL INVESTMENT BOARD OF THE INVESTMENT COMMITTEE

(Alderman Peter Hewitt)

13 December 2013

Social Investment Board - Update on activities

Under the leadership of the Policy & Resources Committee, the City Corporation is working to position London as a global hub for social investment. In October 2012 the Court approved a designation of £20 million from Bridge House Estates for investments that produce a positive financial return and demonstrable social benefit and we submit a printed and circulated report informing Members of progress and we recommend that it be noted.

Received.