impact investments are designed to generate positive, measurable social and environmental impacts alongside financial returns.
Family offices can contribute to sectors that have significant social or environmental impacts, such as renewable energy, sustainable agriculture, education, social enterprises and health care.
Finding the right balance between financial returns and impact effectiveness is crucial for sustainable impact investing.
Ensuring all family members understand and support impact investment philosophies is vital for maintaining commitment.
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The Charities Aid Foundation has set up a scheme, called the Social Enterprise Assist, that will render interest-free loans of up to £10,000 each to help social enterprise start-ups.