Financial performance
Our investment portfolio is made up of a Social Impact Investment Portfolio and a Treasury Portfolio. The Social Impact Investment Portfolio comprises investments made to meet the long-term objectives of our organisation, ensuring sustainability and lasting social impact. The Treasury Portfolio represents capital held before it is drawn down into social impact investment.
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Financial performance
Financial performance
In 2022 we made total new commitments of £68 million (2021: £80 million). Drawdowns in the year totalled £64 million (2021: £78 million) and cash receipts from our Social Impact Investment Portfolio totalled £48 million (2021: £53 million), both in line with expectations, receipt levels being driven by the stage of the constituents of our underlying investment portfolio.