As the UK economy undergoes rapid change - driven by technological advancements, environmental challenges, and shifting labour markets - individuals, businesses and communities face growing skills gaps that threaten economic resilience, productivity, and inclusivity. The nature of learning and work must evolve to keep pace, and vocational technology has a crucial role to play.
Since its inception in 2019, Ufi Ventures has invested into innovative start-ups utilising technology to get adults learning, building a strong portfolio of active businesses, aligned with Ufi's mission to champion the power of technology to improve skills for work. By investing in scalable tech solutions that addressed critical skills gaps and enhanced workforce development, Ufi Ventures has driven real impact across different industries.
Our second investment fund, the Ufi Ventures Challenge Fund launched in November 2024. The Challenge Fund is focused on addressing critical skills shortages arising from the UK's transitioning economy, as highlighted by our VocTech Challenge programme, Skills for an economy in transition.
By investing in ventures using technology to get adults learning, we can help ensure everyone in the UK has the opportunity to develop the skills they need to succeed in their working lives, now and in the future.