2.5c How effective is the Impact Economy in supporting local economic and social development in disadvantaged areas?
Background
DCMS recognises the impact economy, including impact investors, philanthropy and purpose-driven businesses, as a critical partner in delivering the Plan for Change and driving sustainable, inclusive growth. DCMS is working with the Office for the Impact Economy to develop the evidence base underpinning government support for the impact economy.
Next steps
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Topics
Related UKRI funded projects
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West Midlands LPIP
This 5-month project will establish a West Midlands Local Policy Innovation Partnership (WM LPIP). This will involve connecting local policy and research partners across the region to deliver a programme of activity that...
Funded by: ESRC
Lead research organisation: University of Birmingham
Why might this be relevant?
The project focuses on establishing a partnership for inclusive and sustainable local growth, which aligns with the question about the effectiveness of the Impact Economy in supporting local economic and social development.
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Qualitative impact assessment protocol for social impact investment (QUIPSII)
Under the ESRC-DFID funded 'ART' project (Assessing Rural Transformations) a robust methodology and protocol for qualitative impact evaluation (known as the 'QUIP') was designed and piloted for use primarily by NGOs prom...
Funded by: ESRC
Lead research organisation: University of Bath
Why might this be relevant?
The project addresses impact assessment for social impact investment, which is related to the Impact Economy, but does not directly evaluate its effectiveness in supporting local economic and social development.
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Local Acc Fund 21 Children, Learning and Inclusive Places (CLIP)
The University of Glasgow (UOG) and Queen's University Belfast (QUB) have been early adopters of institutional strategies for research-led community engagement focused on addressing enduring economic and social challenge...
Funded by: ESRC
Lead research organisation: University of Glasgow
Why might this be relevant?
The project focuses on research-led community engagement and co-production in deprived communities, which is related to the Impact Economy but does not directly assess its effectiveness in supporting local economic and social development.