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Britain's newly elected Labour government is looking to the financial world for help dealing with the country's housing crisis, the Guardian reports.
According to the Telegraph, affordable housing is a major issue in the UK, with one in four people unable to afford to live in their own home.
The new government is looking to the financial world for help with the problem, with its chief secretary to the UK Treasury, Darren Jones, hosting a roundtable on impact investment last week.
"The sector is growing, with a 12-fold increase in social impact investments made in the UK over the last 12 years, but we need to accelerate this investment if we are going to address the increasing inequalities in our society," Jones says.
According to the Guardian, more than $5 billion has been invested in social impact projects in the UK over the last 12 years.
The new government wants to see that figure rise to $10 billion. Read the Entire Article