Agenda item

Report of the Director of Economic Development.

The Social Investment Adviser introduced a report of the Director of Economic Development on the work she had been carrying out since the last meeting of the Board. She emphasised that there continued to be international interest in the social investment work being carried out by the City of London Corporation. She went on to reference two research projects of the Social Investment Market Research Council upon which the City of London was leading and managing, namely an examination of potential new sources of supply of social investment and a user friendly description of the Financial Promotions Order. These two projects were due to publish their findings in April 2014. She concluded by drawing the Board’s attention to the ongoing market trend of an excess of supply of capital seeking low-risk, asset-backed investment opportunities.

RECEIVED