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Impact Economy Partnerships

My Rt. Hon Friend, the Chancellor of the Duchy of Lancaster, Minister for Intergovernmental Relations and Chief Secretary to the Prime Minister at the Cabinet Office, the Rt Hon. Darren Jones MP, has today made the following statement:

The Social Impact Investment Advisory Group’s final report was published on 3 November 2025 and sets out recommendations on how the Government could better partner with the impact economy to contribute billions to national priorities, such as supporting early years and health. A key recommendation from the report was to create an office at the heart of government to drive this change.

In response to the Social Impact Investment Advisory Group’s final report, the Government is launching the Office for the Impact Economy. Strategically housed within the Cabinet Office, this new team will report to the Chief Secretary to the Prime Minister, the Rt Hon Darren Jones MP, who serves as the Ministerial lead.

The Office will function as a clear ‘front door’ to enable the Government to partner more strategically and effectively with the impact economy— including philanthropists, social and impact investors, purpose driven business and civil society. The Office will help ensure that every pound of public funding works harder, and impact capital and purpose-driven business are harnessed and grown in support of national renewal.

The Office for the Impact Economy will employ a hub-and-spoke operating model to facilitate cross-governmental collaboration. The Office will bring together departments across Government including the Department for Culture, Media and Sport, HM Treasury, the No10 Partnerships Unit and the Department for Business and Trade all of whom will continue to hold their established policy and delivery relationships. The Office for the Impact Economy will work closely with the Office for Investment, which works with large pools of impact aligned investment and with the Office for Responsible Business Conduct.