The Inclusive Economy Partnership (IEP) is a pioneering initiative to build a more inclusive economy through identifying and scaling existing solutions to major societal challenges and developing a new way of tackling cross-sector challenges together. The IEP brings together innovators, businesses and civil society to develop solutions in three challenge areas - financial inclusion and capability, mental health, and transition to work for young people.
With support from the Government, Nesta has convened organisations doing great work in the challenge areas and is supporting them to amplify and scale successful innovations by providing bespoke support, and fostering partnerships between innovators, businesses and civil society.
From October to December 2017, Nesta ran an open call for innovators in three challenge areas, from which 44 innovations were shortlisted. During this time, Nesta also ran two workshops for our business and civil society partners in order for them to identify where they thought they could make the most impact.
Following a third workshop in January, at which each of the 44 shortlisted innovators pitched their solutions to businesses, civil society organisations and Government, 18 grant winners were chosen, detailed below.
From March to September 2018, Nesta - together with our key partners from business, civil society and government - will be supporting grant winners to reach a point where they are ready to scale and deliver greater impact. We will be doing this through funding, workshops, and greater access to partnership networks and sources of capital.
The grant winners are:
Financial Inclusion and Capability
Which provides an earning-over-saving focused 10-module financial inclusion programme delivered in person one-to-one, and over the phone, through the Citizens Advice Bureau in seven regions.
Providing money advice and education to black, Asian, minority ethnic and hard to reach populations in London through advice, workshops, mentoring and training.
Alternative lending platform enabling employers to offer a valuable financial service to employees at no cost or credit risk to themselves with repayments taken directly from their salary.
A program of one-to-one mentor sessions to break the cycle of youth homelessness by training first-time tenants with the skills and confidence to live independently and avoid money problems.
A fintech solution using financial behaviour data to measure creditworthiness, meaning lenders will be able to accept applications from currently overlooked borrowers at more competitive rates of interest.
A modular financial capability programme introducing all aspects of money management. Resources and training are provided to organisations whose frontline staff work with target groups to deliver the programme.
Mobile app combining interventions to improve resilience and enable users to self-manage mild anxiety and depression.
Mobile app focused on understanding and improving mental health in the workplace for construction workers by alerting users to short questions at random intervals and providing anonymous feedback to their organisations.
Create mentally healthy workplaces and inclusive cultures through storytelling to reduce stigma, dispel myths and improve wellbeing for good. Provides a package of support including toolkits, workshops and mentors.
A peer counselling programme in workplace communities to make therapeutic talk accessible to many for whom cost or stigma is a barrier to mental health treatment.
Develop widely-applicable ‘accessibility standards for mental health’, helping give customers with mental health problems equal access to services.
Transition to Work
Aiming to inspire dyslexic people not in employment, education or training (NEET) by celebrating their strengths and giving employers solutions to access 250,000 NEET dyslexics.
Supporting young people aged 16 to 24 in their self-development, construction training, education and employment so that they are able to become positive role models in the community and inspire other young people to take charge of their lives.
A tech platform that uses behavioural and data science to make hiring smarter, faster and easier.
A mobile platform that enables young people aged 16 to 24 to search and apply for work experience placements in growing businesses.
Supporting disadvantaged young people into work and beyond via a mobile platform that provides employer digital mentoring and a peer-to-peer forum.
The Towards Employability training programme supports NEET young people to identify their strengths, develop motivation and build capability to find and sustain work, and deliver at scale across the UK.
Self-paced career coaching toolkit for parents and carers to transform teenager’s career prospects for the better, using video, ebooks and companion facilitator guides.