Macmillan Cancer Support

About the fund

Launched in 2015 with a ten-year term, the £12 million Care and Wellbeing Fund addresses the UK's growing and increasingly complex needs for health and care services by providing new sources of capital for innovation — investing in community-based services and social enterprises that are impactful and scalable, with tailored investments ranging from £400,000 to over £1 million alongside financial options and business support. The fund aims to deliver savings for commissioners, giving them access to upfront capital to develop or adapt new services — with repayment contingent on evidenced improvements in long-term health outcomes. This was also the first time a large charity — Macmillan Cancer Support — invested in a social impact investment fund tailored to their charitable mission, marking a significant milestone in the evolution of health-focused impact investing in the UK. To date the fund has supported 6 Social Impact Bonds across 13 commissioners with 3 investees. The fund is aligned with SDGs 3 and 10.