Nesta Impact Investments supports Third Space Learning, providing one-to-one support to raise attainment and confidence in maths.
We are delighted to announce our latest investment into Third Space Learning (TSL), which uses technology to connect academic talent from around the world to children at risk of failure in primary schools across England. Alongside Ananda - Social Venture Fund and a group of angel investors, we’ve supported them with £500,000 in a round totalling £1.5m.
The benefits of high numeracy are widely documented – it is linked to being employed, earning higher wages, and having good health. In the UK, four in five adults have a low level of numeracy. There are a range of aspects to this issue and many of the approaches to improving numeracy require systems and wider attitude change. However, one solution lies in greater targeted support to children who are falling behind in school, including one-to-one tuition. Whilst there is promising evidence of the effectiveness of this approach, it tends to be expensive and hard to come by (in part due to the shortage of specialist maths teachers) and therefore not accessible to all young people that need it.
Third Space Learning increases access to one-to-one maths tuition by sourcing talented specialists from across the globe, and using technology to connect them to children at risk of failure in primary schools across the UK. By delivering a quality, affordable service, direct in to schools, Third Space Learning has the potential to reach thousands of young people that may not otherwise have access to one-to-one tuition.
Third Space Learning has the potential to improve student confidence and attainment in maths. In the longer term, we hope this will improve the life chances of young people through improving their educational attainment. We also believe TSL has the potential to improve cultural and attitudinal problems associated to maths i.e. transitioning pupils from thinking: “I can’t do maths” to: “Actually, I’m alright at maths, and that’s not such a bad thing”.
Our investment will be used to grow the customer, academic and technology resources, to enable the company to scale up its reach and impact in the UK.
There are three standout things that attracted us to investing in Third Space Learning: