Ventures Workertech Partnership: Impact & Learning Report 21 November 2023 Nicholas Andreou Louise Marston Emma Selinger Resolution Ventures created the Workertech Partnership to back innovative start-ups seeking to change the world of work for the better. The UK’s first programme of social investment to improve the experiences of those in low-paid and precarious work seeks to create better pay, progression, power and wellbeing for workers through better use of technology. The value of fairly paid work and decent conditions has only risen in importance through the pandemic and subsequent cost-of-living crisis. By identifying and supporting impact entrepreneurs with a vision for better work, the Workertech Partnership aims – over the longer term – to improve work for millions of workers, as well as shifting the behaviour of large employers, regulators and other institutions towards a better system of work in the UK. As well as having a direct impact, this programme also set out to build an ecosystem of organisations supportive of Workertech innovations, and to the viability of impact investing in this area. As we complete three years of the initial Workertech Partnership this report summarises our approach to impact, the progress we have made so far, and the principles that will carry forward into a future Workertech fund.
