B

Baroness Anderson of Stoke-on-Trent (Lab)

Speaking in the House of Lords on 17 December 2025

Debate

Office for the Impact Economy

Contribution

Thank you for the “Merry Christmas”. My Lords, let us be clear about why this is so extraordinary and exceptional. We are working to bring together social investors, social enterprises and philanthropists to deliver, using their expertise and ours to make sure that this works. Already, a significant number of assets are delivering. Why do I think this will be so successful? Only last month, Legal & General announced an additional £2 billion of investment in this space, which is going to lead to an additional 24,000 jobs and 10,000 social and affordable homes. When we talk about what this Government are trying to do for our national renewal, it is about 1.5 million homes and homes anchored in communities. This is about delivering for every corner of society; that is what we are doing with the Office for the Impact Economy.

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