Nesta is the UK’s innovation foundation and has been an independent charity since April 2012. Before that the organisation was a Non Departmental Public Body (NDPB) responsible to government and known as NESTA.
In both incarnations the organisation has been tasked with helping innovation flourish and has given organisations millions of pounds in grant funding to help make this happen.
In July 2014 a National Audit Office (NAO) report examined the way that funding had been obtained by a body called the Big Society Network (BSN) from a number of different sources.
Prompted by media commentary and parliamentary questions, and although NESTA had never funded any of the BSN projects identified in the NAO report, Nesta chief executive Geoff Mulgan decided to review NESTA’s support for the Big Society Network (BSN).
Geoff reviewed internal minutes, documents and reports to determine the facts and to understand if any lessons needed to be learnt. His report, which was considered by Nesta’s Trustee Board, can be downloaded here.