Community & Social Justice Poverty & Inclusion
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Social Investment Business (SIB)

Impact Report 2022-2024

Social Investment Business (SIB) provides funding and support to charities and social enterprises to build a more equal society. In the period November 2022 to March 2024, £81.6m was disbursed — a transformational increase from £5m in 2018-19. This was driven primarily by the Youth Investment Fund (the largest fund SIB has ever managed) expanding youth provision in England's most underserved communities. The Reach Fund supported 170 organisations with £1.9m in readiness grants; the Enterprise Development Programme has supported 330+ organisations with £8m+ since 2018. A diversity dashboard covers 11 funds tracking equitable funding.

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Youth Investment Fund (YIF — DCMS-commissioned, expanding youth spaces in underserved communities); Reach Fund (readiness grants for organisations accessing social investment); Enterprise Development Programme (EDP — trading capacity building with 6 sector-specific partners); Recovery Loan Fund; Resilient Communities Fund; Thrive Together; Flexible Finance; Diversity Forum; Social Investment Forum; Future Economy Alliance; data-led decision-making tools Custom geography from upload: England

Key Metrics

Key Metric 1 £81,592,894 disbursed between November 2022 and March 2024; Youth Investment Fund (YIF) — largest fund SIB has ever managed — expanding youth provision in England's most underserved communities
Key Metric 2 Reach Fund supported 170 organisations with £1,922,475 in readiness grants (Dec 2022 – Mar 2024); 33 social investors working with Reach Fund; Enterprise Development Programme (EDP) has supported 330+ organisations with £8m+ in grants since 2018
Key Metric 3 Diversity dashboard covers 11 funds; 46% of successful BAME-led and environmental EDP round organisations in most deprived 20% of areas; team doubled in size with YIF addition

Key Outcomes

  • YIF expanded youth service provision in communities with highest levels of disadvantage; EDP organisations in Round 4 include women's centre in West Midlands and community energy organisation in London; CEO changes and board renewal with thanks to Chair Hazel Blears (8-year term ending)
  • Diversity dashboard published with Access, Power to Change and other partners; lowered turnover thresholds for BAME-led organisations in some funds to improve access; data collection expanded to include socioeconomic background questions among staff
  • In 2018-19, SIB disbursed just under £5m; in this period, £81m+ — showing scale of growth; greatest number of external private investors in SIB investment funds since establishment; new strategy April 2022–March 2025; vision of fairer, more equal society

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