By Zach Fuchs
For all its boldness, the idea is quite simple. Round up all the assets lying fallow in abandoned UK bank accounts and create from them an independent financial institution to drive growth in social enterprise.
The social sector, comprising private enterprises working to better the community, suffers from chronic undercapitalization. Social enterprises are averse to borrowing but lack the profit stream that would make equity financing attractive. How to bridge the financing gap?
This is archived content. Your current settings does not currently allow access to the archive. To gain access visit the subscription page or call our hotline on +44 (0)207 779 8999.
Are you already registered? If so, please enter your username and password here to continue.
Know your email address?
Click here for your password.
Questions about your subscription status?
Email us or call: +44 (0) 20 7779 8888
Subscribers to Euromoney benefit from:
- Exclusive access to euromoney.com - Read the latest issue early online, search for specific developments by region or sector, interrogate the results of Euromoney's benchmark polls, and view the archive dating back to 2000.
- 12 monthly issues of Euromoney magazine
- More than 30 specialist research guides free
- The results of Euromoney’s polls and surveys
Click here to subscribe