2022: A year in review

2022 was a year with significant macroeconomic uncertainty, as well as the ongoing aftermath of the Covid-19 pandemic. These external conditions have exacerbated many of the social issues we seek to tackle and have resulted in increased demand on many of the organisations, including social enterprises and charities, that we support through our capital.

Investing to improve lives

In 2022 we grew the amount of capital tackling social issues and inequalities in the UK, through our investments and by enabling others to invest us alongside us. This capital has financed social purpose organisations addressing everything from homelessness to mental health and fuel poverty.

  • £67.5m

    channelled into organisations delivering positive social impact in 2022

  • £883m

    channelled into organisations since launching ten years ago

  • £2bn

    channelled alongside us since launching ten years ago

Need for social impact investment

The economic challenges we faced in 2022, such as high inflation, rising interest rates, and increasing energy and other household costs, are here for the foreseeable future. Those who have the least are disproportionately affected, with analysis suggesting that a further one million people in the UK were pushed into poverty last winter.

There are many organisations that already exist to help address the impact of the current crisis. We continue to target the business models of organisations that can contribute to tackling cost-of-living issues at scale and seek potential coalitions to help scale these up rapidly.

Organisations tackling the crisis

Annual review 2022