Our history

Over the years, Impetus has dedicated itself to supporting leading organisations who transform the lives of young people, providing long-term, unrestricted funding and partnering our Investment Directors with these organisations to support them weekly, sometimes for over a decade. Significant milestones in our journey include the strategic merger of the Impetus Trust and the Private Equity Foundation in 2013, and our collaborative efforts such as founding the Education Endowment Foundation with Sutton Trust, and establishing the Youth Endowment Fund in partnership with Social Impact Business and the Early Intervention Foundation. 

The pandemic posed significant challenges, prompting us to support our partners' leaders in adapting to unprecedented circumstances and leading us to address diversity within our portfolio, expanding our focus to include geography and race equity alongside socio-economic background. We launched initiatives like the Impetus Leadership Academy for leaders of colour, and funds to address school exclusions and employment for disadvantaged youth from ethnic minority backgrounds. 

We recognise the ongoing challenges today, with around 700,000 young people not in school or work amidst a cost of living and mental health crisis. Our mission remains critical, and we continue to seek innovative solutions to challenge the status quo. Our mission has always been to transform the lives of young people from disadvantaged backgrounds by ensuring they receive the support they need to succeed in school, work and life. As we reflect on our past achievements, we are driven by the belief that we are just getting started.

Walk through our timeline below, meet our team and our Board.

2023

A parliamentary event, new portfolio partners and Resurgo impact evaluation. 

Future of tutoring

We host a Parliamentary event alongside Action Tutoring, the Tutor Trust and Get Further to celebrate three years of National Tutoring Policies and set out what the future of tutoring should look like. 

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New Connect Fund organisations

We invest in Babbasa, Generation UK, IMO Charity and Sister System. 

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Alex Walsh (Blackstone) joins the Board. 

Resurgo SPEAR impact

The Department of Work and Pensions' new independent Data Lab evaluates Resurgo's Spear Programme and finds that it increases the time young people spend in employment by 20% and reduces economic inactivity by 25%. 

Get the statistics

2022

Record fundraising, improving the National Tutoring Programme and launching our Connect Fund. 

New board members

Sat Singh (Renaissance Foundation and ILA graduate) and Andy Thoms (Google) join the board. 

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Over £2,000,000

Our co-investment programme delivers over £2 million in unrestricted funding to our portfolio in 2022.

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More ££ raised

Inflexion raises £300,000 for Impetus at our annual Private Equity Triathlon. 

Record fundraising

Our annual Transforming Lives Dinner raises a record £1.3 million for young people from disadvantaged backgrounds. 

Essential Life Skills

We invest in Jon Egging Trust, Khulisa and Kids Inspire, to support young people to develop social and emotional learning (SEL) skills. We publish a report with the Centre for Education and Youth on SEL, detailing what's happening in practice and the gaps in the evidence. 

Impetus insights

We launch Impetus Insights, our monthly policy newsletter. 

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Leadership Academy graduation

The inaugural cohort of the Impetus Leadership Academy graduates from the programme, with 10 out of 12 participants progressing into more senior roles. 

Co-investment partners

In partnership with CD&R we further invest in Resurgo, ThinkForward and City Gateway in a three-year commitment worth $3 million. 

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National Tutoring Programme

We publish two reports outlining steps the Department for Education needs to take to improve the effectiveness of the National Tutoring Programme, so that all schools can secure the tutoring they need for their pupils. 

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Fair university access

We host a speech for John Blake as Director for Fair Access and Participation at the Office for Students. Subsequently we bring together organisations working on widening access to university with the Office for Students to share best practice. 

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Connect Fund

We launch the Connect Fund which aims to close the employment gap faced by young people from ethnic minority backgrounds in the UK. 

Alongside our fund partners, we invest in Career Ready and MAMA Youth

Find out more

2021

A Youth Hub blueprint, launching the Impetus Leadership Academy and our Engage Fund.

June 2021 the Youth Endowment Fund toolkit launches. Showing what works and what doesn't to reduce youth violence.

New board member

Joe Schull (Corden Capital) joins the Board.

We invest in Ada National College for Digital Skills.

Find out more about our partnership with Ada

Impetus Leadership Academy

We launch the Impetus Leadership Academy, a leadership development programme to support talent from ethnic minority backgrounds in the UK youth sector. 

Find out more

New office

Impetus moves to its new office on Duncannon Street, central London. 

Youth Hub blueprint

We work with the Department for Work and Pensions and West Midlands Combined Authority to develop a Youth Hub blueprint at the Library of Birmingham. 

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Engage Fund

We launch the Engage Fund with the Henry Smith Charity, investing in five innovative organisations -  Think for the Future, Olive Academies, Transforming Lives for Good, MCR Pathways, The Difference - working on high quality interventions tackling school exclusions. 

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In partnership with Minton Charitable Trust we further invest in Football Beyond Borders and Voice 21 with £600,000 over three years and we launch a partnership with Evelyn for £300,000 over three years. 

2020

An online tutoring pilot and setting up the Youth Employment Group. 

More investment

The Bruno Schroder Trust makes a seven-figure commitment to Impetus and our portfolio for the next three years.

New CEO

Eleanor Harrison OBE joins Impetus as CEO.

Online tutoring pilot

Working with a range of partners, we launch an online tuition pilot to show that tutoring can reach disadvantaged groups even during school closures. 

This results in the establishment of the National Tutoring Programme to help pupils who have fallen behind to catch up, channelling billions of pounds towards tutoring. 

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Youth Employment Group

In response to the pandemic and its impact on young people, we form the Youth Employment Group (YEG) - which becomes the UK's largest coalition of youth employment experts. 

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Covid hits. We raise emergency covid relief funds from Livingbridge and others. 

2019

Rebranding to Impetus, publishing the Youth Jobs Gap report and establishing the Youth Endowment Fund. 

More ££ raised

Patrick Healy matches the £300,000 final pledge at the Transforming Lives Dinner. 

Youth Jobs Gap

We start publishing the Youth Jobs Gap - a ground breaking collection of reports investigating the link between education and employment outcomes. 

Find out more

Impetus rebrand

We change our name to Impetus and rebrand. 

Youth Endowment Fund

We set up the Youth Endowment Fund in partnership with Social Investment Business and the Early Intervention Foundation, with a £200m endowment and ten year mandate from the Home Office to prevent children and young people from becoming involved in violence. 

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In partnership with State Street we further invest in City Gateway and Dallaglio Rugby Works

New Board members

Robert Ramsauer (Blackstone), Rohan Haldea (Apax), Filippo Cardini (Towerbrook), Charlie Edwards (Stone Family Foundation) and Natasha Porter (CEO of Unlocked Graduates) join the Board. 

We invest in Football Beyond Borders and Voice 21

2018

Investing in The Tutor Trust and support for the Transforming Lives Dinner. 

Tutor Trust impact

Following a positive Randomised Control Trial commissioned by the EEF, Impetus invests in The Tutor Trust

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Fair Access Coalition

We form the Fair Access Coalition with eight organisations that advocate on issues affecting fair access to university for disadvantaged groups. 

Tutoring support

In a partnership with Centerbridge Foundation and Bain & Company we further invest in Action Tutoring to deliver high quality GCSE tutoring to more young people 

Record breakers

Inflexion raise a record-breaking £240,000 for the Impetus-PEF Private Equity Triathlon

Hg donation

Hg donate a percentage of carry to further our work. 

New Board Chair

Johannes Huth steps down and welcomes Hanneke Smith (BNY Mellon) as the new Chair of our Board. 

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Transforming Lives Dinner

Goldman Sachs become the first headline sponsor of our Transforming Lives annual gala dinner. 

£24m tender

With the EEF, we support Magic Breakfast to win a £24m tender from the Government to deliver their programme in 1,770 more schools. 

Find out more

2013-2017

Our work from 2013-2017. 

We invest in West London Zone (now known as AllChild). 

CEO forum

We launch the CEO Forum, regularly bringing together our partners' CEOs to share insights and use their collective leadership to drive change across the sector. 

Pro bono support

Eden McCallum deliver an impressive 14 pro bono projects throughout the year, the most by a single supporter. 

New Board members

Bill Benjamin (Ares) and Shani Zindel (Livingbridge) join the board. 

2016

Donor volunteer programme

We launch our corporate donor volunteer programme at City Gateway with involvement from Hg, Proskader and Warburg Pincus.

We publish our Driving Impact report, sharing what we've learned from our work with our portfolio partners.

ThinkForward becomes independent.

New CEO

Andy Ratcliffe joins as our CEO.

Youth Jobs Index

Our Youth Jobs Index launches, revealing that 700,000 16-24 year olds are spending a year or more out of work or education.

2015

Work experience

Apax launch their first paid work experience programme for eight young people from IntoUniversity and the Brilliant Club.

Apprenticeships

Cinven support ThinkForward's first apprenticeship programme.

New Outcomes Fund

The Government responds to our call to put youth unemployment at the heart of a new £105m Outcomes Fund.

New Board member

Lisa Stone (formerly of Hg) joins the Impetus Board.

Future Leaders

Our 'Future Leaders Programme', sponsored by Deloitte and chaired by Robert Ramsauer (Blackstone) is launched.

2014

Large donation

Ian Armitage donates a percentage of personal carry, valued at over £500,000.

First triathlon

We launch our first triathlon chaired by Marc Boughton (CVC) and sponsored by CVC, PwC, Acuris and Livingbridge.

New portfolio partners

We invest in Action Tutoring, The Access Project and City Gateway.

Pro bono partners

Kirkland & Ellis deliver their 40th pro bono project, helping Resurgo to explore social investment.

Driving impact

We conduct our first Driving Impact workshop for Resurgo.

2013

The Stone Family Foundation invests £750,000 over five years.

We invest in Resurgo.

Impetus-PEF

PEF and Impetus Trust merge to form Impetus-PEF, with Johannes Huth (KKR) as Chair of the Board and Daniela Barone Soares as CEO, with an 'impact first, then scale' approach and a focus on education and youth employment.

2002-2012

Impetus' first decade. 

Education Endowment Foundation

The Impetus Trust sets up the Education Endowment Foundation (EEF) in 2011 in partnership with the Sutton Trust, with a founding grant of £125m from the Department for Education. The EEF is the What Works Centre for Education and exists to break the link between family income and educational achievement. 

2010

ThinkForward

PEF founds and incubates ThinkForward, an organisation offering a breakthrough solutions to dramatically reduce the risk of young people being NEET (out of education, training or employment).

2007

PEF invests in its first four organisations - Community Links, Place2Be, NSPCC and Volunteer Reading Help.

2006

PEF founded

The Private Equity Foundation (PEF) is founded, with Ramez Sousou (Towerbrook) as Chair and Shaks Ghosh as the first CEO.

2004

Impetus Trust invests in its first four organisations - Speaking Up!, St Giles Trust, Eating Disorders Association and Leap Confronting Conflict.

2002

Impetus Trust

Stephen Dawson and Nat Sloane found the Impetus Trust, becoming the first venture philanthropy charity in the UK.