Stanford Social Innovation Review : Informing and inspiring leaders of social change

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Big Society Capital Marks a Paradigm Shift

The founding chair of Big Society Capital explains how the UK’s social investment bank will harness entrepreneurship and capital to solve societal problems.

 

How do we transform the prospects of the socially disadvantaged? Answers to this question tend to focus on either the private sector or the public sector. But between the two sits the social sector, comprising charities, foundations, and other nonprofits that have distinctly social goals. There are 171,000 organizations in the social sector in the United Kingdom, holding total net assets of £95 billion and employing 668,000 people. For comparison, there were 987,000 public charities and...


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