Six global firms launch Social Business Trust

Bain & Company, Clifford Chance, Credit Suisse, Ernst & Young, Permira and Thomson Reuters joined forces in December last year to launch the Social Business Trust. The trust is designed to speed up the growth of “social enterprises” – organisations that apply the principles of the business world to a social purpose. The founders of the trust hope to help 20 UK social enterprises to grow over the next two years. The trust’s ultimate goal is to enable these enterprises to provide support to one million more people in the UK. The founders are investing £10m into the project, in cash and in kind. For more information, visit www.socialbusinesstrust.org

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