Progress Update

Social Innovation Facility

Social Innovation venn diagram showing opportunities

The Barclays Social innovation Facility, launched in 2012 with a £25m commitment, exists to accelerate the development of commercial solutions that directly address social challenges. Uncovering, developing and scaling these solutions often requires challenging the way we think about our business models, investing in new technology or testing new, often unconventional partnerships and distribution channels.

The Social Innovation Facility has currently committed over £9m to support the development of new propositions across seven countries, representing the full spectrum of business areas. The current portfolio of 12 projects is developing and testing market based solutions that address a range of social challenges, working in collaboration with clients, NGOs and other stakeholders.

Affordable healthcare in Africa

Barclays and GSK are investing up to £7m over three years, to help remove financial barriers to healthcare access while supporting small business development and job creation in Zambia. By combining our skills, expertise and resources, we hope to tackle the challenges of last mile delivery and create a model that could be scaled across Africa to help more people access affordable healthcare.

Access to education in the United States

Insufficient planning and saving for college presents a significant barrier for many students, particularly those from low-income households. In response, Barclaycard US is collaborating with public and private partners to help students access college resources, connect with mentors and advisors, and establish a college savings account.

Extending access to basic financial services

Barclays in Uganda has partnered with non-profit organisations Grameen Foundation and CARE International to create innovative technologies and mobile phone-based financial products that are relevant and accessible for disadvantaged communities.

Using in-depth research and on-the-ground testing, the partnership leverages the expertise of the Grameen Foundation Application Laboratory, to develop mobile applications that help connect the informal community finance groups to the mainstream financial sector through commercially viable and scalable propositions.