Search for social enterprise ‘changemakers’ launches

Pensions company Royal London has launched a new programme, which aims to find individuals and social enterprises who can help people deal with life shocks.

The Changemakers programme aims to develop innovative solutions to life shocks by bringing Royal London together with experts in social innovation and people with personal experience of life shocks.

These include can personal shocks like bereavement, serious illness, separation or divorce, and job loss, but also societal shocks such as COVID-19 or the effects of a transition to a low carbon economy.

The mutual insurer will work with key partners Year Here and The School for Social Entrepreneurs (SSE) to find and support 10 individuals and 10 social enterprises to develop and scale up potential solutions.

These social enterprises will receive grants awarded by a panel including individuals who have also faced life shocks, as well as financial inclusion experts, and representation from flagship charity partner, poverty experts Turn2Us.

As well as receiving funding, the changemakers will benefit from Royal London’s insight and business support as well as the expertise of Year Here and SSE in driving change through social innovation.

‘Life shocks can affect anyone at any time, and as a mutual we have to play a role in building long term solutions for both our customers and for wider society, to protect today and invest in tomorrow,’ said Royal London’s head of mutuality and impact Nadia Al Yafai.

‘That is why we are collaborating with our expert partners and changemakers over the coming months and working with them to drive social innovation based on lived experience and deep insight.

‘We look forward to welcoming our changemakers and being mutually responsible in making a positive impact.’

School for Social Entrepreneurs’ managing director Nicola Steuer, added: ‘SSE has a proven track record in supporting social entrepreneurs to grow and scale, as well as working with corporates in the financial sector. Royal London understands the importance of social enterprise as a sustainable model for societal change.

‘The pandemic has escalated society’s inequalities and we’re hoping the social entrepreneurs on this programme will have a huge impact on supporting vulnerable groups out of further financial hardship.’