Sir Stuart Etherington, the former chief executive of NCVO, has been announced as the chair of a rebranded Big Society Trust (BST).
The organisation will now be called The Oversight Trust – Assets for Common Good, and will continue to oversee the work of social investment bodies Access, Fair4All Finance and the Youth Futures Foundation, in addition to that of Big Society Capital.
Etherington left NCVO in 2019, after 25 years in charge at the umbrella body.
Keeping an eye on social investment
BST was founded in 2011 to provide oversight for Big Society Capital as it used money from dormant bank account to develop the UK’s social investment market. The other three bodies it oversees were subsequently created from that funding.
The Oversight Trust will continue to make sure that the four organisations stay “on mission” by fulfilling their objectives, maintaining sound governance and demonstrating impact as they pursue their goals.
New board members
Etherington said: “I’m delighted to be taking the chair of the Oversight Trust at this critical period. I should like to pay tribute to my predecessor, Robin Budenberg, for all his work on developing the Trust into its new role.”
Four other new board members have been appointed alongside Etherington: Clare Barby, chief executive of the Impact Management Project; Kevin Davis, group chief executive of the Vine Trust Group, a group of social enterprises focused on education and employment; Helen England, vice chair of United Response; and Andrew Rose, former chief executive of Homes and Communities Agency.
According to its most recent annual accounts Big Society Capital has made just under £2bn of new capital available since its foundation, alongside other funders, to help organisations achieve social good.
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