Social Investment Market

Part of Oral Answers to Questions — Work and Pensions – in the House of Commons at 2:30 pm on 1 July 2013.

Alert me about debates like this

Photo of Iain Duncan Smith Iain Duncan Smith The Secretary of State for Work and Pensions 2:30, 1 July 2013

I will certainly try to encourage precisely those people to invest. The aim is eventually to establish a proven project which delivers a social return, thus encouraging both trusts and private sector investors, as well as local authorities, to supply guaranteed funds to organisations that would otherwise have no funding. We think that the potential market is enormous. The Americans, among others, have said that they are grateful for our leadership in this regard, and the G8 was very keen on hearing from us.