Our Building Resilient Economies programme has been running since 2013 and has given a total of 88 grants, totalling £6.62m, and made 10 social investments, totalling £1.4m. New Philanthropy Capital (NPC) will be assessing the collective impact of the programme in meeting our aims of creating local economic resilience as well as wider systems change.
A new partnership begins
Friends Provident Foundation and New Philanthropy Capital are now working in partnership to evaluate the foundation’s Building Resilient Economies programme and its wider impact. As the five-year programme comes to an end, the evaluation will inform the strategy and future focus of our grant giving and investment activity.
Friends Provident Foundation has an ambitious strategy to use all its resources—including grants, investment management, convening and communication—in pursuit of its mission. We’re excited to work with the foundation to evaluate its impact over the last five years and consider what can be learned to inform its future activities.
Beyond our grant giving and investments, the evaluation will also capture our role in convening, collaborating and influencing to bring about change. The evaluation will incorporate a 360 review of our impact from the perspective of all involved; stakeholders, staff, grant holders, investees, trustees, peers, and beneficiaries.
Taking a step back to look objectively at our impact is vital if we are to be transparent, responsive and effective in our work. We’re delighted to be working with NPC and are confident that our partnership with them on this important project will strengthen the outcome.
The partnership underlines our commitment to collaboration, partnership working and learning. NPC are excited to explore how evaluating the impact of the foundation’s work can enable them to be more strategic in achieving their goal of a fair economy and better world.