Office for the Impact Economy
The Office for the Impact Economy provides a single front door for impact investors, philanthropy and purpose-driven businesses to partner with the government and grow their social impact across the UK
The Office is housed in the Cabinet Office, and the Chief Secretary to the Prime Minister, the Rt Hon Darren Jones MP, is its ministerial lead.
The Office for the Impact Economy will enable the government to work more strategically and effectively with the impact economy so that every pound of public funding works harder, and impact capital and purpose-driven business are harnessed and grown in support of national renewal.
Background
In February 2025, the Chief Secretary to the Treasury and the Secretary of State for Culture, Media and Sport established the Social Impact Investment Advisory Group (SIIAG). The SIIAG’s report, published on 3 November 2025, recommended creating an office at the heart of government. In response to this, on 10 November 2025, the government launched the Office for the Impact Economy.
The Office’s remit includes:
- Driving cross-government strategy on the impact economy
- Acting as a ‘front door’ for new impact economy relationships and general strategic relationships and coordinating the government’s engagement with the impact economy.
- Driving capacity and capability building, supporting other government departments, and strategic and local authorities to work in partnership with the impact economy
- Identifying and supporting the development of partnerships
How we work
The Office for Impact Economy operates through a hub‑and‑spoke model. The Cabinet Office is the central hub, and serves as the front door for new and strategic relationships. A wider virtual hub brings together departments and units with key interests, including the Department for Culture, Media and Sport, HM Treasury, No10 Partnerships Unit, and the Department for Business and Trade. Existing policy and delivery relationships continue to be held by their departmental leads.
The Office for the Impact Economy will work openly and collaboratively with external stakeholders.
This is about doing government differently: the Office will be an offer to the impact economy, central and local governments, and communities. Over the coming months, we will run a co-design process with external stakeholders to shape this ‘offer’.
Partnerships
We will work with delivery partners across government, the impact economy and communities to turn shared ambitions into results and put place at the centre of our work. We will work closely with the Office for Investment’s dedicated impact capital function, which works with large pools of impact‑aligned investment.
This is about the full range of capital from place-based initiatives and catalytic philanthropy to large-scale impact capital. Places across the UK are already working in partnership to improve people’s daily lives – from Kindred’s work in Liverpool to bring together social enterprises - and Legal & General’s landmark £2 billion commitment to impact investment by 2030 signals a major step forward in financing the UK’s sustainable and inclusive growth.
The Office for the Impact Economy will also support and champion co-investment opportunities such as the £500 million Better Futures Fund, which will bring together government, local communities, charities, social enterprises, investors and philanthropists to support up to 200,000 children and their families over the next ten years.
How to engage
Information on upcoming events and how you can get involved in shaping our work will be shared through our newsletter which you can sign up to by emailing impacteconomyoffice@cabinetoffice.gov.uk