About Nesta

Nesta is an innovation foundation. For us, innovation means turning bold ideas into reality and changing lives for the better. We use our expertise, skills and funding in areas where there are big challenges facing society.

What can we learn from the UK furlough scheme? Insights from inventor Tim Leunig - 4 Feb 2025 09:30 – 10:30

As a new government gets to work, we’re looking at successful past policies from across the globe and what UK policymakers can learn from them as part of our event series: how to make good things happen.

As the UK shut down in the face of the Covid-19 pandemic, the furlough scheme provided a lifeline for millions of workers up and down the country. Designed to provide cover for those unable to work during lockdown, it protected incomes across the UK and enabled the economy to restart once restrictions were lifted. Through effective policy design and data implementation, it was able to pay the salaries of 11 million workers and protect 3.25 million jobs. What lessons can we learn from the UK furlough scheme?

On Tuesday 4 February 9:30-10:30, Nesta's chief economist Tim Leunig, the inventor of furlough, will lead a session on the reasons behind the scheme's success. Tim and Ravi Gurumurthy, CEO of Nesta and BIT, will explore key lessons on the design and implementation of this scheme. We’ll hear about the conception of furlough, the importance of robust data for effective implementation and how to effectively design policies that target the right groups – ensuring support reaches those in need while minimising misuse.

This discussion will also focus on how these principles can be applied universally to other policy areas and global challenges, demonstrating how well-designed interventions can be adapted to different contexts and needs.

Ideal for policymakers, civil servants, academics, economists and designers, this breakfast event will be held at 58 Victoria Embankment in central London and will involve an interactive Q&A session and networking reception. The event will be recorded and available to watch on-demand at a later date.

Register to attend the event and receive event details and reminders straight to your inbox.

Speakers

Ravi

Ravi Gurumurthy

He/him

Ravi is the group chief executive officer at Nesta and BIT. Ravi was previously responsible for the International Rescue Committee’s work in designing, testing and scaling products and services for people affected by crisis in over 40 countries - from reducing acute malnutrition and intimate partner violence, to expanding employment for Syrian refugees. Prior to joining the International Rescue Committee in 2013, Ravi held a number of roles in the UK government, including director of strategy at the UK’s Department of Energy and Climate Change and as a strategic advisor to the Foreign Secretary. Across many departments, Ravi led a number of major social and environmental reforms including the development of the world’s first legally-binding carbon emissions targets and the integration of children’s services. Ravi has also worked as a researcher at the think-tank Demos and in local government in London.

Tim-Leunig profile pic

Tim Leunig

He/him

Professor Tim Leunig is a multiple-international prize-winning economist and Nesta's chief economist. He has taught at the LSE for 25 years, and at Oxford, and held visiting faculty positions in the US and Europe. He has worked for the UK government for over 10 years, including serving as economic adviser to two chancellors (Javid, Sunak), three housing secretaries (Clarke, Javid, Gove), and as chief analyst and chief scientific advisor at the Department for Education. In government, he invented the UK furlough scheme during covid, saving more than 3 million jobs. He also invented the post-covid rent arbitration scheme, the schools national funding formula, and the method by which we assess the effectiveness of secondary schools, Progress 8. He is director of Public First Consulting, and an associate member of Nuffield College, Oxford. He is a fellow of the Academy of Social Sciences, the Royal Society of Arts, the Royal Historical Society and a governor of the National Institute of Economic and Social Research.