11 June 2025
Responding to the Government’s Spending Review, NPC Head of Policy James Somerville said:
‘The Chancellor’s focus on people’s everyday lives is the right one.
On housing, policies to encourage the ‘crowding-in’ of private investment are welcome. When doing this, the government should think about the potential of all forms of impact capital – the impact sector can and already does make a real contribution to housing in the UK.
It’s vital that the government works with the impact sector across all of its missions – it’s positive to see the impact economy highlighted in the Spending Review document. We look forward to hearing further details on the Social Impact Investment Vehicle soon.
The changes to the Treasury Green Book to allow more place-based funding are also welcome. We know that investment in communities as a whole, working with the impact sector, can transform local areas.’
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