Rmn tim jones coventry june 30.

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Rmn tim jones coventry june 30.

  1. 1. The Future is the Past with Different Options Well-being and Socially Motivated investment  
  2. 2. Money: what do we do with it And a  
  3. 3. Three things: - £ £ £ £ £ Increased income = increased consumption = increased enjoyment? (e.g. Layard ‘03, Deaton ’07)
  4. 4. Three things: - £ £ £ £ £ Rainy day? More consumption? Social investment - barren money or fruitful capital? Thriving on your money? (Heslam ‘10)
  5. 5. Three things: - £ £ £ £ £ “ A man cannot be said to have anything if he only lays it up – you may as well bury it in the earth or the bank of England. Not to use it is effectually to throw it away” (Wesley)
  6. 6. Three things: - £ £ £ £ £
  7. 7. Money: what we’ve done with it And a  
  8. 8. Charitable Bonds Investors put their money in a fixed term bond with Citylife CITYLIFE INVESTORS £ £ £ £ £ 1
  9. 9. Charitable Bonds CHARITY HOUSING PROVIDER Citylife immediately gives around 20% to charity and loans the rest to develop affordable housing   CITYLIFE £ £ £ £ £ 2
  10. 10. Charitable Bonds After five years the loan is paid back plus interest that matches the sum given to charity   HOUSING PROVIDER CITYLIFE £ £ £ £ £ 3
  11. 11. Charitable Bonds Citylife gives investors back all the money they put in CITYLIFE INVESTORS 4 £ £ £ £ £
  12. 12. A Case Study:- Sheffield £ £ £ £ £
  13. 13. The Manor Estate, Sheffield
  14. 14. Mike Lancaster, community outreach worker.
  15. 15. Enterprise Loan Scheme
  16. 16. Moneyline – getting rid of Loan Sharks
  17. 17. Construction Skills Training – Manor Estate
  18. 18. Permanent dividends
  19. 19. And remember The investors get back all the money they put in.   CITYLIFE INVESTORS £ £ £ £ £
  20. 20. But is that enough? And a  
  21. 21. Well-being : Enhancing it enhances - careers - money - relationships - economic outcomes (Deiner and Seligman ‘04) But what is it...... And a  
  22. 22. Eudaimonism - 1/3 rd Subjective life satisfaction, pleasure, hedonism - 1/3 rd Personal growth, autonomy, purpose - 1/3 rd Relationships – social, belonging (NEF ‘04) And a  
  23. 23. Relationships - Trust, engagement, practical support, nurture, networks, health, family, friends, neighbours, workplace and wider. - “We use money to buy goods and services, but we use time to build and sustain relationships” (Tanner ‘07) And a  
  24. 24. BIG Society must focus its regeneration policies not on its citizens as economic units but as eudaimonic individuals. Tim Jones Chief Executive, Citylife tim@citylifeltd.org 01223 323481  

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