UK Prime Minister David Cameron announced the launch of the Social Stock Exchange (SSE), a tax break consultation for social investors and £250m to help communities buy and support local businesses at the Social Impact Investment Conference on June 6th ahead of the G8 summit. The G8 leaders are embracing the promise of impact investments. The U.S. Small Business Administration is nearly doubling the amount it will put into impact investment funds, to $150 million from $80 million. An open letter from the industry which was published in last weekend’s Financial Times, applauded the PM and the G8 leaders “for their proactive step to embrace the promise of impact investing as an important complement to exsisting efforts by the public and non-profit sectors”. The open letter was signed by over 90 leading voices from finance and civil society – including JP Morgan, Deutsche Bank, Morgan Stanley, Credit Suisse, Goldman Sachs, Big Society Capital, KPMG, responsAbility, the Ford and Rockefeller Foundations and the Omidyar Network. Another step towards mainstreaming impact investments!