About Nesta

Nesta is an innovation foundation. For us, innovation means turning bold ideas into reality and changing lives for the better. We use our expertise, skills and funding in areas where there are big challenges facing society.

Goal 6: By 2025, the majority of our innovation missions’ endowment funding will be spent on activity to improve the circumstances of people from minoritised and disadvantaged groups, and will not widen inequalities.

Our starting point for change

Our missions aim to improve the lives of millions, with an explicit focus on tackling inequalities in our work on a fairer start and a healthy life. Through these missions, we will use our endowment to address inequalities in early years, secondary education, and food environments. Monitoring the impact of our endowment-funded programmes, we will hold ourselves accountable to this ambition.

How we will address this issue

To ensure that EDI considerations are used to inform and monitor strategic choices, we will incorporate EDI assessments in our programme evaluations and decision-making processes, including ‘stage-gating’ decisions. For example, budget decisions above a certain threshold or significance (e.g. launching a new programme) could require Equality Impact Assessments or a similar structured approach to evaluating a decision’s impact on people from minoritised and disadvantaged groups.

We will collect and consider potential partners’ EDI data, such as their leadership diversity and current EDI practices, as part of our partnership criteria and processes.

Measures of progress

  • Endowment spend by outcome
  • Programme evaluations