🌟 Unlocking Inclusive Growth by Re-writing Social Investment 🌟

 In Philanthropy

🌟 Unlocking Inclusive Growth by Re-writing Social Investment 🌟

On Monday October 9, 2023, I had the privilege of attending a thought-provoking #LabourPartyConference Fringe Event on Social Investment, aimed at driving inclusive growth in the UK. Chaired by Stephen Bediako OBE, the event featured an illustrious panel of speakers: Rushanara Ali MP; Peter Holbrook, CBE; Claire Dove, CBE; and Joanne Anderson.

The discussion ignited important insights into my (evolving) vision of how we might re-write social investment:

Inclusivity at the Core: It was heartening to witness a deep and shared commitment to inclusivity as a cornerstone of everyone’s approach to social investment. Multiple speakers emphasised the imperative of creating an ecosystem where all voices, regardless of background or circumstance, can access the opportunities and support they need to thrive.

Equipping Communities: We must move away from traditional top-down approaches, instead putting communities at the helm. Let’s really commit to fostering partnerships that empower local organisations to drive change from within, ensuring that investment decisions reflect the real needs of the people.

A Holistic Approach: All social investment must extend beyond just financial support. From experience, I can say that true inclusive growth requires addressing the social, economic, and environmental issues of our communities. It’s not just about the numbers; it’s about enhancing the quality of life for all.

Sustainable Change: Its obvious but worth emphasising that a clear commitment to sustainable change is not about quick fixes or short-term gains but about creating lasting impacts that endure beyond political cycles. The present and incoming government must build a legacy of social investment that stands the test of time.

Collaborative Efforts: Social investment is not a solitary endeavour. It thrives on collaboration. The event emphasised the importance of partnerships, both within the public and private sectors and with grassroots organisations. By pooling resources and expertise, we can magnify the positive impact of social investment.

Listening and Learning: Active listening and continuous learning is as essential as being transparent about how we’re doing. The journey towards inclusive growth involves adapting and evolving based on feedback and real-world experiences. This takes courage and vulnerability.

Leadership from the Margins – Paving the Way for a B-Corp Economy: An additional crucial point is that to truly foster an inclusive economy and propel the social investment sector forward, we must position underrepresented communities (as well as their fresh voices and perspectives) at its heart as a value centre that the mainstream should invest in. This involves leading with the experiences and perspectives of those who are actively creating change and making a tangible impact in our communities.

Above all, no approach to social investment can avoid a genuine commitment to power and wealth sharing, without which the vision to build a more equitable and prosperous future for all will not flourish sustainably.

Many thanks to Pathway Fund for inviting me and for once more showcasing the spirit of leadership from the margins, reflecting the diverse and dynamic voices that can drive meaningful change and for their continued commitment to unlocking true potential of #SocialInvestment for #InclusiveGrowth.Β πŸ’ͺ🌍

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