The social impact investment advisory group’s final report was published on 3 November 2025 and sets out recommendations on how the Government could better partner with the impact economy to contribute billions to national priorities, such as supporting early years and health. A key recommendation from the report was to create an office at the heart of Government to drive this change.
In response to the social impact investment advisory group’s final report, the Government are launching the Office for the Impact Economy. Strategically housed within the Cabinet Office, this new team will report to me, as Chief Secretary to the Prime Minister, as I serve as the ministerial lead.
The Office will function as a clear front door to enable the Government to partner more strategically and effectively with the impact economy, including philanthropists, social and impact investors, purpose-driven business and civil society. The office will help ensure that every pound of public funding works harder, and that impact capital and purpose-driven business are harnessed and grown in support of national renewal.
The Office for the Impact Economy will employ a hub-and-spoke operating model to facilitate cross-governmental collaboration. The office will bring together Departments across Government, including the Department for Culture, Media and Sport, HM Treasury, the No. 10 partnerships unit, and the Department for Business and Trade, all of which will continue to hold their established policy and delivery relationships. The Office for the Impact Economy will work closely with the Office for Investment, which works with large pools of impact aligned investment and with the Office for Responsible Business Conduct.
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