The Care and Wellbeing Fund: A retrospective
The Care and Wellbeing Fund was set up in 2015 to test whether social investment could be deployed to support improved health outcomes and be a tool for sustainable innovation and transformation in the health and social care sector.
The Fund was developed and supported by a range of partners, including Macmillan Cancer Support, who have provided half of the investment funds, with the other half provided by Big Society Capital. Top-up funding for the cost of rewarding the outcomes for some of the project finance investments was provided by Central Government, through their Outcomes Funds.
The Fund is managed by Social Finance and has also benefitted from generous grants from the Health Foundation and Macmillan to support the exploration and development of a pipeline of investment opportunities. Significant legal support pro bono was also provided by Simmons and Simmons.
The investment period ended in 2021, and in this report we reflect on the degree to which the Fund has delivered against its original ambitions.
