Always good to celebrate anniversaries. This one for Bridges Venture; although only 10 years it has been a pioneer in social venture capital. A brainchild of a particular hero of mine, Sir Ronnie Cohen, it makes loans to businesses who work in particular areas with high unemployment , with an emphasis on creating local jobs.
Ronnie Cohen is not just the father of venture capital but also the pioneer of using social finance to grow the third sector. He was the driving force behind the Big Society Capital idea and using dormant accounts to create a capital market in the third sector. He is still an evangelist for loans- using the event top rightly castigate foundations for not using their endowments in more imaginative ways that blend loans with grants and use their investments top encourage social business and third sector enterprise.
So it was a fun vent. At St Luke's Church in Old St- a redundant church that now houses rehearsal studios for the LSO. And a rather ...more