Ufi and the Resolution Foundation
Backing innovators using technology to improve the jobs, skills and prospects of workers experiencing low pay and precarious employment.
The Resolution Foundation is an independent think-tank focused on improving living standards for those on low to middle incomes. The Foundation’s established work programme focuses on incomes, inequality and poverty; jobs, skills and pay; housing; wealth and assets; tax and welfare; public spending and the shape of the state, and economic growth.
Our Strategic Partnership with the Resolution Foundation will drive forward the development of technology which can play a crucial role in helping workers improve their skills, job opportunities and prospects.
Background
As new technologies continue to change how companies manage their workforce, workers are facing more disruption and displacement than ever before.
These challenges need to be tackled in new ways, to help workers benefit from this transition, add to their skills, and improve the conditions at work. This is especially important for those on low-pay or precarious employment.
Activities and achievements
The WorkerTech Fund
After the success of the Workertech Partnership between 2020 – 2024, Ufi are proud to have invested into a new £6.75m fund focused on backing start-ups using tech to improve jobs, skills and prospects for workers experiencing low pay and precarious employment.
The fund will provide equity investments of between £75,000 and £200,000 at pre-seed and seed stages and can also make quasi-equity investments. Uniquely, ventures will have access to the pioneering research and expertise of the Resolution Foundation and other investors, helping founders to identify workplace problems and develop practical, tech-enabled solutions for lasting change.
Investors in the first close of this WorkerTech Fund include the Resolution Foundation, Ufi VocTech Trust, Resolution Trust, Better Society Capital, Joseph Rowntree Foundation, Friends Provident Foundation, Fusion21 Foundation, This Day Foundation, Shaw Trust and Lightbulb Trust.
The Workertech Partnership
Backing a new wave of innovators who will harness technology to improve the prospects, power, and progression of low-paid workers
The Workertech Partnership – a £1.3m programme backed by Ufi VocTech Trust, Resolution Foundation, Joseph Rowntree Foundation, Friends Provident Foundation, Accenture and Trust for London – backs Workertech start-ups with a mission of tackling significant problems in the UK’s labour market with investment and connections to our networks.
Running from 2020 – 2024, Resolution Foundation have published a report exploring the impact of the programme.
Resources from across the site
News, projects and activity in partnership with ALT.
