New research shows social investment can have a significant impact in lowering deprivation and boosting economic output and productivity in communities. The findings are part of a learning project between the Department for Culture, Media and Sport and Social Investment Business into the historic portfolio data of the Futurebuilders England Fund.
The Futurebuilders England Fund was a groundbreaking, Government-backed social investment fund that provided repayable finance blended with grant to charities and social enterprises in England. This was to help them bid for, win and deliver public service contracts. The fund saw £142 million of loan, grant and blended finance invested into 406 charities and social enterprises between 2004 – 2010.
The research looked at the areas that received Futurebuilders England Fund investments and examined the impact it had on local economic development. The research used a hyper local analysis, looking at small geographies of around 1,000 and 3,000 residents.
Findings from the research revealed the following: