Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Culture, Media and Sport, with reference to Government grants statistics 2020 to 2021, published on 31 March 2022, what assessment her Department has made of the effectiveness of the Social Impact Investment 2021.

The department sets objectives for grant funding when designing the grant scheme and allocates funding in accordance with those objectives. Grants awarded by the Department for Culture, Media and Sport (DCMS) to the Impact Investing Institute in 2020-21 (‘Social Impact Investment 2021’ and ‘Place Based Impact Investing - Collaborative Research Project’) were precursors to and informed their current, DCMS-funded, Place-based Impact Investing Programme. A longitudinal evaluation of the programme is currently underway, and the final output is expected to be received by March 2025.