A new independent body is being created to advance impact investing and to promote the UK as a world leader in this field.
Announced today by the government’s Department for Digital, Culture, Media and Sport (DCMS) and the Department for International Development (DFID), the Impact Investing Institute will be independent of government. It is due to open this autumn, with location to be determined.
The institute has four objectives: to strengthen the market infrastructure for impact investing, increase the amount of capital invested for impact, improve effectiveness of that capital, and make it easier for individuals to invest for impact. This will include “monitoring public policy and regulatory developments and making practical suggestions for changes that would promote the institute’s objectives,” according to the website.