In the last few months, Big Society Capital carried out some research to understand the state of the Venture Philanthropy (VP) sector in the UK, in collaboration with the European Venture Philanthropy Association (EVPA).
The conclusion of the project was that some 60-70 organisations were investing using two or more elements of the VP approach:
- Tailored financial support;
- Non-financial support;
- Impact management/measurement.
See here a more detailed definition of VP.
However, in the UK very few organisations call this approach “VP”. The sector is rather disconnected and difficult to navigate for both social sector funders that are interested in pursuing the approach to charities and social enterprises that could benefit from such support.