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To begin with some thanks – firstly to the Charity Finance Group, for sending a really thorough and thoughtful paper, “Swimming Against the Tide”, which sets out both the scale of the challenge (“technically, [the Charitable sector] is still in recession”), and offers practical strategic advice (“mitigate current market conditions where possible, build the pipeline […]
The Joint Investment Committee for the Growth Fund met on the afternoon of 17 September. As you may remember from my blog in June, we had asked for applicants seeking a larger investment (including a grant element at or near the £3m maximum) to come forward by the end of August. We only plan to […]
Having posed ‘questions, questions‘ in my last post, we’ve had a few answers: they’re all shared on our trusty google doc, naturally. A couple of quick reflections: both responses we had to the “where should we be by 2025” question describe a more stable, well understood market for social investment, underwritten by greater transparency, or […]
Chairing a new board of a new foundation is unusual. The challenge is not one of adapting an old strategy to a new context, but rather starting with a blank sheet of paper and working out how to have the greatest impact. For a start, at Access, trustees and staff have agreed to work to […]
Over the next couple of weeks, we’ll be working on a first draft strategy for our capacity building programme. As I’ve mentioned in previous posts, we’ll be sharing this at the beginning of October for feedback. As a preliminary to this, we’ve got some more specific questions which have come out of what we’ve heard […]
The endowment working group met again last week to consider how best we invest our £60m endowment from the Cabinet Office. We began by looking at different portfolio scenarios, generated using our financial model. We considered how the mix of assets would impact both the financial return of the portfolio as well as the financial […]
When I opened up our consultation with a google form where all comments would be shared openly, I had feared that we’d end up with the digital equivalent of tumbleweeds. Given that, it has been really encouraging that we’ve now had 30 insightful and considered responses, from a range of organisations and practitioners. I’m very […]