An independent future
Today Nesta officially became a charity.
This moment has been a long time coming and at many points looked uncertain. Governments don't often give things away. But this government decided, rightly, that the sort of work Nesta does is best done from a position of complete independence.
So this will be an exciting new phase in Nesta's development.
To mark it we're setting out some of our plans today. We're also publishing a brief history of the many things Nesta has done in its short life and unveiling a new logo for the new charity (done by a great team of designers at, I'm glad to say, a tiny fraction of the cost of some similar exercises).
Our change of status won't dramatically change what we can do. We'll still maintain the mix of investment, research and practical programmes that makes Nesta a pretty unique organisation.
My guess is that the biggest change resulting from Nesta leaving the public sector will be psychological. We will be able to turn outwards more and direct our energy and expertise to connecting with innovators all over the UK. We'll be able to focus much more on the long-term impact we can achieve.
Having the privilege of an endowment should also mean that we're freed from news cycles and political fashions, instead able to test and trial really radical new ideas - which is bound to be easier from a position of independence.
Meanwhile, the security of our funding should mean that we'll be able to combine our resources with others in more creative ways than was possible in the past.
We're genuinely grateful to the enlightened ministers who have made this possible.
A more independent Nesta may not always be comfortable for them but we are as convinced as they are that in the long-run, we can serve the public interest much better in our new form.