In this challenge, we will explore:
- How do you define ‘place?’ Should any place-based approach be demand led or aligned with the government’s new growth deal focus areas?
- What placed-based funding models have worked in the past or not? Funding SMEs and social enterprises in deprived areas through CDFI model or Local investment Funds?
- What roles(s) could Big Society Capital most effectively play in a space where many other stakeholders are active?
- Could a ‘place-based challenge’ approach be effective?
Output: A set of questions BSC need to answer in order to establish a the right approach for developing a place-based strategy – what are the choices and trade-offs?
Reading list (more to come):
SIB Group ‘Place-based Social Investment models’ (2013) a prospectus for growing the local social economy
SIB Group and The Work Foundation, ‘People or Place’ (2012)
(Jan 2016), Dave Boyle and Tony Greenham, Towards a people-powered prosperity
PWC (Dec 2015), The sustainability of Community Development Finance Institutions
Big Society Capital (May 2015), Tackling financial exclusion: Lessons from the US