This paper looks at the role of impact investing in funding and growing a new wave of social innovations that improving quality of life for people with dementia and their carers.
This paper looks at the role of impact investing in funding and growing a new wave of social innovations that improving quality of life for people with dementia and their carers.
Key Findings
- The cost of Dementia to society and individuals is significant and projected to grow rapidly
- Changing policy and increased investment are promising in the fields of research and improved care
- There are multiple opportunities for businesses, charities and social enterprises to improve the lives of those living with dementia and their carers
- Impact investors should look to invest in opportunities and ventures that are innovative in their approach to dementia care
Dementia currently affects more than 850,000 people in the UK, a figure that is set to rise. Although funding for research into the disease is increasing, there are a number of gaps in provision of care and support that offer an opportunity for social investment.
This paper aims to:
- Give an overview of dementia and its social and economic impact
- Outline current government policy around dementia and care
- Look at the role that impact investing can play in different areas: navigating the system; independent living; access to non-pharmacological therapy; support for carers
- Give examples of products in the UK that are currently tackling issues related to dementia in innovative and creative ways
Authors
Eibhlin Ni Ogain, Katie Mountain
