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20 June 2011
Greetings!
Jonathan Lewis offers some final words of wisdom before departing the Social Investment Business for a new NHS venture; possible job losses at Centrepoint; and CAF calls for major donors' investment in its new social investment fund.
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Charities need to merge more to attract finance, says Jonathan Lewis
Charities need to do more mergers, acquisitions and resource sharing to make themselves more commercially bankable to lenders, says Jonathan Lewis, outgoing chief executive of Social Investment Business, who is to head an NHS social enterprise spin-off in August.
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Centrepoint consults on redundancies
Homelessness charity Centrepoint is consulting with staff on a possible 14 redundancies, with others to see their contracted hours increased to 37.5 a week.
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New fund asks major donors to support social investment
CAF has launched a new social investment fund which it hopes will allow major donors to finance loans to charities.
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Baroness proposes FTSE-style league table of best-value charities
The voluntary sector should be renamed the 'not-for-dividend' sector and the biggest charities should be ranked in an investors' league table according to the value they create, Tomorrow's People chief executive Baroness Stedman-Scott said at the Bank of England on Friday.
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Foundations and charitable trusts chosen to invest in first social impact bonds for PR reasons
Foundations and charitable trusts were consciously chosen as the first investors in the UK's first social impact bond trial as it was easier in "public relations" terms for not-for-profits to take the "first stab", compared with pension funds, according to Sir Ronald Cohen founder of Social Finance.
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Tomorrow's People offers to pilot new social impact bond
An independent analysis of the economic value delivered by welfare-to-work charity Tomorrow's People has estimated that for every pound spent by the charity, at least £2.40 worth of value is created for society.
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Pro Bono Economics has received 50 requests for help from charities
Pro Bono Economics, the charity set up Martin Brookes to match volunteer economists with charities that want help to measure their outcomes, has worked with more than 25 charities since its inception three years ago and been approached by over 50.
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In other news...

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Wellcome Trust plans to increase investment in Africa  The Wellcome Trust, one of the UK's biggest charity investors, plans to invest as much as much as £927m in Africa over the next five years, says the Trust's chief investment officer Danny Truell, speaking at the third annual PEI Africa Forum.
Big Society Bank could be delayed until next year  The creation of the Big Society Bank could be delayed until next year as the government is still trying to secure state aid exemption from the EU, according to Sir Ronald Cohen, independent adviser to the Cabinet Office.
Payments Council chair admits cheque abolition plan was not well handled  The chairman of the Payments Council has insisted that abolishing cheques is the right thing to do, but admitted the Council has not managed the debate well.
National Film and Television School fined £17,500 for paralysed volunteer 
The charity National Film and Television School has been fined £17,500 and ordered to pay costs of £4,787 after a volunteer was left permanently paralysed after falling 2.25 metres from a mock staircase on set. | MP forces Wellcome Trust to justify Wonga investment  Sir Mark Walport, director of the Wellcome Trust, has been moved to defend the charity's recent investment in the online lender Wonga after being tackled about it by Labour MP Stella Creasy.
Egos and a lack of planning damage collaboration, say charity leaders  Egos, bad planning and tension around competition are stopping effective collaboration in the charity sector, according to a panel of charity experts who discussed the issue at a Knowledge Peers event.
Pensions reform needed to encourage public service delivery, says CFDG  The CFDG has called for the government to reform the Fair Deal policy, saying that it must be changed if charities are to be more involved in public service delivery.
Royal British Legion partners with stairlift manufacturer  The Royal British Legion has formed a partnership with Heritage Stairlifts to launch Poppy Stairlifts.
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Interview

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Showing social investment works
In August, Jonathan Lewis leaves social lender Social Investment Business to become chief executive of NHS spin-out Bromley Healthcare. Vibeka Mair interviews Lewis on his time with the UK's largest social investor.
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Blogs

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Charity league tables are coming whether you like them or not
Acceptance is growing of the idea of comparisons between organisations in the sector, says Tania Mason.
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Dying to meet you
Robert Ashton envisages a future where a network of comfortable assisted-suicide centres are run as social enterprises.
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Shop

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Civil Society eNews Contacts
Tania Mason, editor, 020 7819 1214, tania.mason@civilsociety.co.uk
Phil Bishop, online advertising, 020 7819 1215, phil.bishop@civilsociety.co.uk
Niki May Young, website editor, 02078191206, nikimay.young@civilsociety.co.uk
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