We believe in the power of the social economy to build a more equal society. Our impact report shows how we deliver this mission in line with our values.
It has been an exceptionally productive year – from the ever-expanding cohort of The Enterprise Development Programme to the first wave of investments made on the Recovery Loan Fund; plus, initiatives like The Reach Fund, and the pioneering work on The Future Camden Fund. And this year we were selected by the Government to manage a Youth Investment Fund of over £300M, which aims to build, renovate or extend 300 facilities for young people in the parts of the country where new spaces and new opportunities are most needed.
£8.1M
agreed in grants and loans and £5.9M in grants and loans were disbursed across 217 organisations.Social investment is a way for charities and social enterprises to get the finance they need to fulfil their missions. We offer funding and support to organisations that make up the social economy, providing them with the tools they need to make a positive difference to their communities.
112
organisations granted £1.2M through The Reach Fund.We want to work with more diverse-led organisations, in places that need it most, and foster a more widely distributed social economy. We have invested in new ways to understand our reach across funding programmes, and gain greater insight into organisations we support.
£5M
in loans and grants to 18 organisations through The Recovery Loan Fund.We support organisations to become more resilient by helping to strengthen their finances and their ability to adapt to net zero. The Recovery Loan Fund, offering a competitive fixed rate, supports organisations that are working to improve people’s lives, or the environment they live in.
“
The availability of affordable finance solutions at this time is vital for social enterprises, so that we can continue to deliver high levels of social impact for those suffering disadvantages post-pandemic.”
Julie Hawker
Co-CEO of Project Cosmic
£300M
Over £300M worth of grants to youth services.We want to build a stronger social economy through evidence and partnership. This year we were selected by the Department for Digital, Culture, Media and Sport to deliver the Youth Investment Fund in partnership with The National Youth Agency, Resonance and The Key Fund.
£521M
Our analysis shows that £521M in social investment went to the Levelling Up Priority 1 area.We aim to foster greater recognition of social economies’ contributions to a resilient, diverse and more equal society. We have continued to produce policy and research outputs to inform and shape this context.
“
We all live in communities, people care about where they live, social infrastructure is integral to getting the economy growing. It is not an academic exercise – the reality is that this is about people.”
Rt. Hon Hazel Blears
Responding to the question of why the social economy is critical to economic growth.
4.5/5
overall customer satisfaction rate.We are committed to listening and responding to our customers, partners and staff, driving a culture of excellence is in all that we do. We have invested in ensuring customer feedback is being collected, shared, and acted upon, so we continually improve how we work.
Read more about our Impact Report using the download button below.
