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In 2016, government appointed Elizabeth Corley, Vice Chair of Allianz Global Investors, to chair an industry-led Advisory Group looking at how to grow a culture of social impact investment and savings in the UK. The group included senior representatives from across the investment and savings industry.

The Advisory Group published its report in November 2017, setting out the following five key areas of recommendations:

  1. Improve deal flow and the ability to invest at scale
  2. Strengthen competence and confidence within the financial services industry
  3. Develop better reporting of non-financial outcomes
  4. Make it easier for people to invest
  5. Maintain momentum and build cohesion across initiatives

This is the government response to the five recommendation areas set out in the Advisory Group’s report on social impact investing.