Our aim

For those who are financially vulnerable, a life shock can quickly spiral into crisis.

We’re here to change that.

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In the UK, over 11 million people have less than £100 savings to fall back on.

Source: The UK Strategy for Financial Wellbeing 2020-2030 - Money and Pensions Service.

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1 in 4 people will not recover financially from the pandemic for at least 12 months.

Source: COVID 1 year on research - Turn2Us, 2021

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And 4-6 million people will face a serious income shock each year.

Source: Measuring Household Financial Resilience - Financial Resilience Taskforce, 2019

Life shocks

At Royal London, our Social Impact work focuses on helping to prevent life shocks becoming a crisis. Life Shocks are major life events which can have a deep and detrimental impact on our lives, such as job loss, separation, serious illness or bereavement. They can also include wide scale and prolonged events that can impact entire communities, such as the Covid-19 pandemic, or climate change.

We know that life shocks can very quickly escalate into a crisis that it can be difficult for people to recover from, especially for those that are financially vulnerable.

Read more about our social impact commitments.

How will it work?

In our Changemakers Programme we’ll be working alongside Year Here, and School for Social Entrepreneurs – the experts when it comes to driving change for society.

By combining their experience with our own insight, together we’ll create, develop, and invest in bold ideas and sustainable solutions that will help build people’s resilience to life shocks.

Our flagship partnership

We’ve developed our first social impact flagship partnership, with national charity Turn2us, to help more people prevent a life shock from becoming a crisis.

Find out more about Our flagship partnership

Each year we’ll support talented individuals to explore society’s challenges and build new solutions. We’ll also help social enterprises with existing innovations scale up and increase their impact.

Right now we’re looking for 10 forward-thinking social enterprises, focused on building society’s resilience to life shocks, to join our Changemakers Programme. 

Participants on this programme will get:

  • Two years of support, including 1-2-1 expert consultancy, learning sessions with other social entrepreneurs in the same sector.
  • A grant of £10,000-£30,000, with opportunities to access further funding in years 2 and 3.
  • The chance to collaborate and build a relationship with Royal London to work on building resilience for more people facing life shocks.

Support and information

Year Here is a postgraduate course in social innovation and a platform for social entrepreneurs who want to tackle society’s toughest challenges. It consists of a one-year Fellowship and an Accelerator programme offering investment and business support.

Unlike a traditional postgrad course, the Year Here Fellowship is action-oriented and immersive. The issues they focus on include the housing crisis, educational inequality, financial resilience, unemployment and health disparities. Over one year, diverse and multidisciplinary cohorts of Fellows learn at the frontline of inequality – in care homes, homeless hostels and schools across London.

Supported by a rigorous social innovation curriculum and industry mentoring, they go on to found some of the most promising social startups in the UK. Year Here has launched the social impact careers of over 200 diverse leaders and birthed 40+ award-winning social ventures including Settle, Birdsong and Appt.

The School for Social Entrepreneurs (SSE) recognise they can’t fix issues like poverty, climate change and ill-health alone. That is why they exist, to help 1,000 leaders of social change each year to develop the skills, strengths and networks they need to tackle society’s biggest problems. In turn, the leaders they support help millions of people in need while creating meaningful jobs – often for the most disadvantaged in the labour market. SSE run programmes that equip people to start, scale and strengthen social enterprises and organisations that make a positive difference. But they’re not a traditional school - learning with SSE is inspiring, action-based and accessible. Their programmes are highly tailored to the specific needs of participating organisations, offering a blend of learning, funding and mentoring.

Lord Michael Young founded SSE in 1997. Today they work internationally, with teams across the UK, Canada and India.

A social enterprise is a business that puts the interests of people and the planet first. They want to change the world for the better. Like a conventional business, a social enterprise aims to make a profit – the difference is, they’ll drive the majority of their profits towards their social mission.

Social innovation is the process of creating and implementing new and better ways to meet social needs and solve social problems. While business innovations are often designed to profit the organisation, the ultimate goal of social innovation is to further social progress.

Year Here is a postgraduate course in social innovation and a platform for social entrepreneurs who want to tackle society’s toughest challenges. It consists of a one-year Fellowship and an Accelerator programme offering investment and business support.

Unlike a traditional postgrad course, the Year Here Fellowship is action-oriented and immersive. The issues they focus on include the housing crisis, educational inequality, financial resilience, unemployment and health disparities. Over one year, diverse and multidisciplinary cohorts of Fellows learn at the frontline of inequality – in care homes, homeless hostels and schools across London.

Supported by a rigorous social innovation curriculum and industry mentoring, they go on to found some of the most promising social startups in the UK. Year Here has launched the social impact careers of over 200 diverse leaders and birthed 40+ award-winning social ventures including Settle, Birdsong and Appt.

The School for Social Entrepreneurs (SSE) recognise they can’t fix issues like poverty, climate change and ill-health alone. That is why they exist, to help 1,000 leaders of social change each year to develop the skills, strengths and networks they need to tackle society’s biggest problems. In turn, the leaders they support help millions of people in need while creating meaningful jobs – often for the most disadvantaged in the labour market. SSE run programmes that equip people to start, scale and strengthen social enterprises and organisations that make a positive difference. But they’re not a traditional school - learning with SSE is inspiring, action-based and accessible. Their programmes are highly tailored to the specific needs of participating organisations, offering a blend of learning, funding and mentoring.

Lord Michael Young founded SSE in 1997. Today they work internationally, with teams across the UK, Canada and India.

A social enterprise is a business that puts the interests of people and the planet first. They want to change the world for the better. Like a conventional business, a social enterprise aims to make a profit – the difference is, they’ll drive the majority of their profits towards their social mission.

Social innovation is the process of creating and implementing new and better ways to meet social needs and solve social problems. While business innovations are often designed to profit the organisation, the ultimate goal of social innovation is to further social progress.