Social capital encompasses the networks, ties and trust that bind people in our communities. There are typically four types of social ties that connect people:
1. Bonding ties - are connections within groups and networks that have shared similarities such as charities, social and sports clubs . This is usually strategic or structured bonding.
2. Bridging ties - are connections between people different to us based on religion or political views. Bridging the gap between groups helps with diversity and insights we may not have otherwise obtained.
3. Linking ties - are connections made between people of power and influence within organisations and between organisations, such as a business owner and council, government or emergency services.
4. Identifying ties - are connections built and maintained due to similarities in social identities.
Social infrastructure are the places that build those connections.
Social infrastructure are the places that build social and community connections. They are places that people meet, gather, share experiences and thoughts. They are micro, small, medium and large entities that support connections and act as places for people to meet and bond.
Social infrastructure includes:
- Community centres
- Charities
- Clubs
- Businesses
- Cafes and bars
- Gyms
Behind all social infrastructure are people. People who connect with staff, customers, suppliers and our community every day.
Social Capital allows societal institutions to exist and maintains the coherence of society. It facilitates the cooperation and collaboration of different groups and organisations. It encourages people to be positively social towards one another with a wide range of benefits from reduced crime and corruption, improved productivity, improved helpfulness/service and improved cooperation for mutual benefit.
Social capital is vital to the functioning of our society, democracy and economy.