Care and Wellbeing Fund

Fund investing in new models of care for those living with long-term conditions.

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The challenge

The UK faces growing and more complex needs for health and care services and new ways of funding innovation will be essential if we are to address them successfully.

Our approach

We worked with expert partners in health and social care to provide new sources of capital for innovation. This was also the first time a large charity (Macmillan Cancer Support) invested in a social impact investment fund tailored to their charitable mission.

The fund

The Fund aims to improve long-term health outcomes by investing in community-based services and social enterprises that are impactful and scalable. The Fund offers financial options and business support, with tailored investments from £400,000 to over £1 million.

The Fund aims to deliver saving for commissioners, giving them access to upfront capital to develop or adapt new services.

  • Fund size

    £12 million
  • Better Society Capital commitment

    £6 million

Key information

  • Geography

    UK wide
  • Investment type

    Outcomes contract
  • Fund manager

    Social Finance
  • Investment status

  • Investment date

  • Term

    10 years


  • 6

    Number of Social Impact Bonds

  • 13

    Number of commissioners supported

  • 3

    Number of investees

Sustainable development goals

  • 3: Good Health and Well-being Ensure healthy lives and promote well-being for all at all ages
  • 10: Reduced Inequality Reduce inequality within and among countries