This year’s digital impact report provides an overview of our significant impact across 2019 and 2020, but particularly since COVID-19 and the lockdown. We are moving to a digital impact report for a range of reasons: to be able to make it more up-to-date, rather than retrospective; to reduce our environmental footprint; and to hopefully make the content more easily accessible and navigable to a wider audience.
Sharing our information and learning so that it can be used is a key part of our strategy: we invest, we partner and we influence to create impact. What this report aims to show is the work we have done across all three of those strategic areas of activity: investment funds we run and manage; grant and support programmes we run in partnership; and data and learning we use to inform our own work - and to influence the wider sector to be more effective. [Look out for the small Invest, Partner and Influence labels on the top-right hand corner of pages across this report to check which strategic area of our work the data links to.]
We continue to collect and analyse information from our work across different funds and programmes, looking back, looking at now (current practice) and looking ahead to where we need to improve or do more. We also continue to be open about ourselves and our internal impact: sharing information about our pay, our team, and our spend.
To say 2020 has been an extraordinary year for Social Investment Business would be an understatement. By the end of the year, the team will have assessed more than 3300 applications, disbursed nearly £30m of grants, and invested over £15m: all in addition to what was actually planned. None of that would have been possible without the many organisations we have partnered with, and who we include in this report. And we have learned a huge amount from that work and those partnerships: on diversity, data, decision-making and demand amongst other areas.
We hope this report is of interest; and that as we update it, it continues to provide ongoing insights. And we hope it demonstrates the impact we are having through providing the finance that organisations need to create fairer communities.