Vengrove Partners with Leading Impact Advisory Firm

Vengrove has commenced working with The Good Economy, who will act as the social impact advisor on its UK social housing strategy, VRE Social Housing Partners. The Good Economy’s role will enable Vengrove to measure, manage and report on the social impact of its investments.

The Good Economy is currently designing an Impact Measurement and Management System for Vengrove. This process involves defining strategic impact objectives and developing processes to assess impact in all parts of the investment process, including the design of an in-house social impact screening tool.

The Good Economy will also carry out field-based social due diligence on all Vengrove’s investments and potential partners to ensure they work with organisations who have proven experience in delivering high quality housing and support services. The Good Economy will also help with Vengrove’s quarterly impact reporting. Such reporting will ensure the strategy is assessed against its key impact objectives together with an appraisal of any impact-related risks.

Ross Taylor, CEO at Vengrove, commented ‘Our investments in social housing are made with the intention of generating positive social impact alongside a financial return. As such, it’s important to us that The Good Economy’s services will ensure that VRE Social Housing Partners has a high level of transparency and accountability to its tenants and investors’.

Andy Smith, Head of Housing Impact Services at The Good Economy added ‘We are looking forward to working with Vengrove as they integrate impact into each stage of their investment process.’