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Inclusive Economy Partnership (IEP) The spirit of the IEP is about generosity – generosity of time, ideas and support. Our purpose is creating a society we’re proud to pass on to our children. And the only way we’ll do that is by building a new kind of inclusive economy. Sacha Romanovitch Co-Chair Inclusive Economy Partnership There’s nothing more worthwhile for our country than to have all its citizens actively engaged in our economy and society so that every one of us feels included. Yet government can’t achieve this alone. Nor, despite increasing efforts to do socially responsible work, can even the mightiest corporations. And neither can charities, social enterprises and community organisations who are out there on the front line delivering. Sacha Romanovitch Alone, we are less. But together we are more. Much more. Co-Chair Inclusive Economy Partnership There’s power in partnership. Together, as the Inclusive Economy Partnership, we can actively join together the growing desire of the private sector, civil society and government to find, invent and deliver on-the-ground solutions to some of the hardest challenges facing those of us who are most in need of help, and feel less included. Together, we can build a society for today and tomorrow that’s inclusive and sustainable. A society where every citizen belongs and contributes. Let’s do more together. www.inclusiveeconomypartnership.gov.uk #InclusiveEconomy In3formed What is the Inclusive Economy Partnership? We’re a partnership of businesses, civil society We believe in the power of partnership. and government departments who are working And through collaboration, innovation and together to solve some of society’s toughest a shared determination to make the UK a better challenges, to help all communities and everyone place to live and thrive, the IEP is part of a within them feel they belong to and can participate growing global movement that’s trying to solve in the UK economy. age-old problems with new ways of thinking. sue e is Brin G f th gin y o g t o t ce he n ri v e rie g i e ht C e p p c x e o r t e o n n o r d p n e n le m S a e p t c l x e o g g t e i e o E d v t n le h r i e w r t , o C s n e k t , t i s n n Inclusive g o i t Through the IEP, members t h u e l o c s h work together to focus on Economy a g l n l i e d n social issues and see how i g v e o Partnership r to solve them. It’s open for P organisations who want to play a positive and purposeful role in society, by creating a systemic S h B s le ar usines p change in our economy. in eo g s E p kill nabler to s, e ess xpe acc rience, resource and The story so far We took important We brought together different social challenges parties to discuss and 1 2 understand them In 2018, we focused on Financial inclusion To take an in-depth look at these three flagship challenges and capability issues, we needed the right mix of that we think, if fixed, voices around the table. So, for each could make a huge Mental health challenge we reached out to: difference to society. Transition to work • charities, social enterprises and for young people community organisations who have a frontline understanding of the issue • businesses who have an interest We also found innovators who are in fixing the problem already doing great things and 4 helped them scale their solutions • government departments who work on these issues every day. Working with Nesta, the innovation foundation, we put out an open call to anyone with a proven solution to these challenges – innovative individuals and enterprises who are pushing at the edge We identified big ideas of the system to ensure those at the margins to work on together are included. 3From these discussions we formed We chose 18 innovators with ambitious growth three working groups – one for each plans. And we helped make those plans a reality. challenge. They did some strategic We helped them form partnerships with IEP analysis, asking: “What interventions members who offered their networks, expertise could have a big impact here?” and anything else they could provide. And we gave From this, four ‘big ideas’ or projects them a £20,000 grant to make sure they had the emerged, which IEP members are breathing space to achieve their plans. currently working on together. In3fluential The heat for the IEP comes from the passion of its members – the energy, drive and commitment of everyone involved. And their deep-seated desire to play a part in creating a fairer country with fully-included citizens. This Partnership works because it’s led by people, not process. People who care about the issues and are bringing the knowledge, resources and Mark Norbury perspectives of their organisation to the table. CEO UnLtd Because they realise this isn’t simply Co-Chair Inclusive Economy Partnership about changing statistics but making a real difference to people’s lives. The Partnership presents an exciting opportunity to innovate for social good. Through collaboration we can create, test and scale ideas that have the potential to transform the lives of citizens across the UK. Oliver Dowden CBE, MP Minister for Implementation Co-Chair Inclusive Economy Partnership An inclusive economy is a fair and vibrant society, one where all citizens have a say and a stake. This needs communities, business, government and civil society to collaborate and be ambitious in tackling financial exclusion, poor mental health and a lack of meaningful opportunity for young people. Mark Norbury CEO UnLtd Co-Chair Inclusive Economy Partnership In3vested What we’ve achieved so far Engaged 89% over Launc ed of our innovators cross-sector completed their projects initial scaling 170organisations plan in six months Innovators received an estimated Formed over new partnerships in savings and in-kind support Scaled social 18innovators Success stories Spotlight on some of our grant-winning innovators Exceptional Individuals Through one-to-one support, This is Me, a campaign from helps neurodiverse job seekers workshops and mentoring, The Lord Mayor’s Appeal, into employment. Through the Money A+E provides debt aims to create mentally healthy support of the IEP, Exceptional advice and financial education workplaces through raising Individuals has piloted and to people in hard to reach and awareness, ending stigma and launched the Dyslexia Academy Black, Asian and minority ethnic encouraging employees to share – the first of its kind in the UK. communities in London. But their mental health stories. they’re eager to take it further. The organisation now has the Through the IEP, they’ve capacity to support 1,000 new Thanks to the IEP, they’re now partnered with Landsec. beneficiaries in the neurodiverse working with Grant Thornton Not only has this given them community, equipping job to build a digital platform that access to a whole new sector, seekers with the skills, tools can offer advice and education the construction industry, but and knowledge needed for a to the firm’s clients and all those also connections to help them number of vital employability- who work for them – which expand beyond London. The IEP related areas. They have received adds up to almost 25% of the grant has supported their launch £30,000 of in-kind support UK’s workforce. in the northwest and impending from Accenture throughout launch in Scotland, where Nesta the programme. “The one big thing the IEP has has worked to secure high-level given us is access to networks political support for the roll out. “ The support we’ve received – we’ve been meeting with through the IEP has been businesses to see how they “ Working inside the IEP has invaluable. Because it’s not can help us scale up what opened our eyes to what just money we’ve received, we’re doing. But through comes back to you when you but advice and guidance Nesta’s workshops we’ve give: insights, a challenge on how we can best spend also met other innovators and to our thinking and a way of that money too.” there’s lots of partnership amplifying the pride within potential there.” our own workforce.” Matt Boyd, Exceptional Individuals Jerry During, Money A+E Miles Webber, Landsec In3tegrated Our Big Idea projects Financial inclusion and capability Open Banking for Good Access to affordable credit The world is changing and the potential for using With millions of people in problem debt, ensuring data and technology to tackle social challenges appropriate access to affordable credit is an is huge. Open Banking – the process of giving important part of creating an economy that is third parties controlled access to your financial financially inclusive. information – presents an exciting opportunity The Department for Digital, Culture, Media and to do just that. Sport, with cross-government support, is drawing In November 2018, Nationwide launched a on the expertise of IEP members to explore challenge prize to find and scale ways to improve and develop new ways of stimulating the market financial inclusion and capability using Open into making more affordable credit available to Banking technology. The prize gave winning the public. This has contributed to the direction innovators the opportunity to develop their ideas of Dormant Assets funding for financial inclusion and solutions to be shared across the industry.
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