Evaluation of the Impact Investing Institute grant 2022-2025
Evaluation of the Impact Investing Institute's Place-Based Impact Investing (PBII) programme
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In 2022, DCMS provided a three-year grant for the Impact Investing Institute to continue its work to develop the impact investing market, with a particular focus on place-based impact investing (PBII). The PBII grant comprised of four separate but interlinked workstreams, alongside an additional workstream to deliver an updated market sizing of the overall UK impact investing market.
DCMS commissioned Ecorys to support the Institute to monitor its activities, and to conduct an independent evaluation of the grant-funded PBII programme. The three main objectives of the evaluation were to:
- Objective 1: Understand the effectiveness of the delivery of the Institute’s PBII programme.
- Objective 2: Assess the impact of the PBII programme in developing a PBII market in the UK.
- Objective 3: Assess the value for money of the grant.
The evaluation used a mixed-method approach, and included interviews with 57 stakeholders involved across the workstreams; longitudinal case studies with the two Place Pilots (interviewing key stakeholders involved in each year of the evaluation); a survey with asset managers engaged with the Institute (7 responses out of 25 invited); analysis of programme management information and documentation; and secondary analysis of other data and reports. This report sets out key findings and recommendations.