Published: 16th Jul 2015

When I was interviewed to be chief executive of the Social Investment Business (SIB) in the summer of 2011 I was asked whether I had any questions. One was top of my list. Was the financial performance of Futurebuilders really as strong as SIB professed it to be? As I kept probing, the panel became a little irritated with my persistence. ‘Why do you keep asking about this?’ one panel member asked. ‘Because I don’t believe it,’ I replied, ‘and neither does the wider market.’ This lack of transparency was, and in many ways still is, a problem for social investment. The hype has tended to outweigh the facts. And as I recently said, we need to remember why we are here. Being transparent and sharing evidence, even if it isn’t always pretty, is an important part of doing our job properly. I now know that there was a fascinating … (To read the full article, subscribe below)