Incubation of new partnership approaches
In 2014 Social Finance established the Impact Incubator, a joint initiative with a group of philanthropic funders to stimulate new responses that could make a difference to intractable social problems. A research-led approach including consultation with statutory agencies, voluntary organisations, and funders led to the prioritisation of domestic abuse perpetration as a priority issue. Social Finance initiated the partnership with SafeLives and Respect, securing innovation funding to develop, test and evaluate a new intervention and fund a central team.
Prioritising data and evidence
Based on Social Finance’s experience in setting up and performance managing outcomes contracts, robust data collection and a randomised control trial evaluation were built into the Drive Project from the outset. Good data is an essential building block to understanding the impact of a new intervention, to underpin continual service improvements, demonstrate efficacy to commissioners and funders and increase understanding about the cohorts we are working with.
Scaling impact
Social Finance has 15 years’ experience finding new routes to scale impact across many social issue areas, working across voluntary, statutory and funding sectors. This experience has enabled us to support the Drive Partnership to seize strategic opportunities to secure further funding, push into new spaces and deepen our reach and national systems impact.
The Impact Incubator continues to create new practical approaches with philanthropy for lasting social change across a range of issue areas and working across sectors to achieve system impact at a local and national level.