We will continue to act as an investor, from technology start-ups and accelerators, to social enterprises and social finance intermediaries. All of this activity is in line with our charitable objects.
We will now operate our investment activity in two distinct areas:
• Venture investment: There will be no change to the way we manage our ‘for return’ investments. We will continue to support what we believe is an increasingly interesting venture portfolio, and capital is available to follow our money in these companies. We are not currently looking for new companies to invest in under this area of activity although this may change as we recycle money from the sale of successful investments and we may then selectively look to add to our venture portfolio.
• Impact investment: We will be scaling up our investment activity in innovative organisations that have a primary goal of achieving positive outcomes for individuals, communities or society as a whole, and with a secondary goal of achieving financial returns for investors. Our focus will be on areas consistent with our charitable objects and that address major challenges in the UK today such as the ageing population, the education and employability of the young and the need for community cohesion and self-sufficiency.
Read more about our investment activity.