Multiple, diverse and innovative forms of purposeful impact finance
Whilst I share the aspiration in this story for a fairer stakeholder-driven low environmental impact B&NES economy, and recognise the need for substantial green infrastructure investment to enable it, I believe we need to be more creative in envisaging how it will be funded. Whilst there may well be a significant role in this for a ‘BathNES Green Digital Municipal Bond’, we need to be smarter in diversely structuring infrastructure investments around a specific purpose so to attract the type as well as quantum of public, private, philanthropic and/or community investors best able to deliver the particular mix of desired economic, social and environmental outcomes.
Why the contribution is important
There is no one-size-fits-all approach to financing B&NES’ diverse infrastructure needs. Nor is social justice the only reason why we need to attract such investment. The appetite for purposeful impact investment is growing as more and more organisations are focussing on addressing social and ecological crises, and there is growing interest amongst governmental as well as business and philanthropic investors in collaborative investment around a shared purpose.
by NicoletteBoater on January 08, 2021 at 01:23PM