Impact

The objective of the Workertech Fund is to create better quality of work for more people in the UK, via improved pay, prospects, worker power and voice and wellbeing, mediated by improved tools and services for workers and employers. Additionally, impact outcomes should also result in reduced inequality, reduced poverty and improved financial resilience and wellbeing.

Our impact framework

Our Theory of Change identifies how our investments and support create both direct impact for workers and broader ecosystem changes. We measure impact across four dimensions of Pay, Prospects, Power and Wellbeing.

In each of these dimensions, we measure three levels of impact depth: Connected, Improved and finally, Transformed.

We aim to invest in companies that can improve work in the UK for at least one of our target groups:

  • Low-paid workers. Low-pay is defined as weekly pay less than two-thirds of the median UK wage. 

  • Workers in precarious work (e.g., zero and short hours contracts, temporary contracts, self-employed, gig workers): with variable hours and/or insecure income. 

  • Workers lacking voice & representation and those at greater risk of discrimination.

  • Workers with lower-level qualifications and/or limited access to training

Impact achieved

In our 2024 Impact report, we identified:

  • 358,411 workers connected: Engaged with platforms and services in our portfolio

  • 20,072 working lives improved: Actively using services to make positive changes

  • 5,663 workers experienced transformation: Experiencing significant improvements in their working lives

Three levels of impact

We support our portfolio companies to measure and report their impact.

  • Workers can engage with services and begin their journey toward better work by:

    • Understanding pathways to increase income

    • Accessing skills assessments and training opportunities

    • Joining worker communities or support groups

    • Initial engagement with career development resources

  • Active participation leads to measurable progress, such as:

    • Completing training modules or work experience

    • Taking active steps to change their work situation

    • Participating in collective action or advocacy

    • Making concrete progress toward better employment

  • Targeting life-changing improvements in work quality and conditions, such as:

    • Securing new jobs with better pay or conditions

    • Completing significant education or training programmes

    • Achieving meaningful improvements in workplace conditions

    • Experiencing measurable improvements in financial stability or wellbeing

Impact & Learning Report 2024

Over the past four years, the Workertech Partnership has backed ambitious founders building solutions to improve pay, power, progression and wellbeing for people in low-paid and insecure work. We’ve made 16 investments supporting over 350,000 workers to date, and today, we’re publishing our 2024 Impact Report. It reflects on what we’ve achieved, what we’ve learned, and where we’re headed over the next five years.