Social Business Trust Chairman, Sir Damon Buffini, is stepping down after six years in the role, with a rallying call for businesses to grow their support to help great social enterprises grow.
Sir Damon, former Chair and Managing Partner of global investment firm Permira who co-founded the charity with social entrepreneur Adele Blakebrough MBE, will move on at the end of March.
Sir Damon said: “It’s tempting to stay in this fantastic role for ever. But the time is right for a new Chair to steer SBT through its next phase of growth, delivering even greater impact from getting the best of business and the best of social enterprise to work together.”
“Together with our world-class corporate partners we’ve shown the positive difference a venture capital-style approach can make to tackling social problems like educational disadvantage and elderly care. Moving forward I hope the business community can work with SBT to further develop this exciting initiative: it’s a brilliant thing to be part of.”
“It’s been a huge privilege to work with outstanding businesses to help an amazing portfolio of social enterprises grow. SBT will always remain close to my heart.”
Adele Blakebrough, CEO of SBT said: “Damon’s been a wonderful Chair of SBT and whilst we’ll miss his day to day involvement we’re delighted to have his on-going support: he can’t get away from us too easily!“
“Damon and I first started working together over a decade ago, co-founding SBT in 2010. It’s been tremendous to collaborate closely with him over so many years.“
“The Trustees and I remain excited for SBT’s future and the process to find an excellent new Chair is underway.” SBT Trustee Paul Armstrong of Permira will be interim Chair in the meantime.
Sir Damon is pictured above visiting a nursery that is part of London Early Years Foundation, one of the social enterprises supported by SBT. He is Chair of the National Theatre as well as a Governor of the Wellcome Trust and was recently appointed as Chair of the Government’s Patient Capital Review addressing the dearth of long-term capital investment in British firms.