Ungated Post | 17 Sep 2015

The economic and social impact of British Gas Energy Trust

British Gas Energy Trust was established in 2004 as an independent charity to help people in fuel poverty to pay their energy bills, get back on their feet and remain debt free. Having recently marked its tenth birthday, this report explores the difference that the Trust has made in its first decade of existence by examining the scale and nature of its economic and social impact. The study was launched at the National Energy Action Conference in Sheffield on the 16th September.

The Trust provides grants that offer debt relief to individuals and families and partners with charitable organisations throughout the country to provide on-the-ground access to advice services for those in need. The study calculates the Social Return on Investment (SROI) of the Trust’s work. It found that in 2014, for every £1 that British Gas Energy Trust awarded in grants, some £2.4 was generated in positive impacts for British society. These included improvements in individual health conditions and savings to the NHS. For its grants to individuals and families its SROI was 1.9—almost double the financial value of its investment—whereas for every £1 given by the Trust to support the work of advice organisations around £5.5 in wider social impacts was shown to have been generated.

Over the past ten years, the Trust has given grants totaling more than £56 million to individuals, families and organisations. This has created £120 million worth of positive impacts for society and had a marked impact on the lives of many thousands of people across the UK.

Read the full report.

Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.

To find out more about our capabilities, contact:

Americas
Diantha Redd
+1 (646) 503 3052
Email

Asia Pacific
Peter Suomi
+65 6850 0110
Email

EMEA
Aoife Pearson
+44 (0)203 910 8054
Email

Related Services

Post

From disruption to reinvention: The future of supply chains in Europe

Published at the World Economic Forum’s Annual Meeting in Davos, this report explores three possible scenarios for how the Ukraine war could play out over the coming year, modelling the impact of each scenario on the Eurozone economy.

Find Out More

Post

De l’opportunité à l’impact – Évaluer les avantages économiques, sociétaux et culturels de YouTube en Belgique

Cette étude évalue la contribution de YouTube au PIB belge et au taux d’emploi en Belgique, ainsi que son impact plus large sur la société et la culture.

Find Out More

Post

Van mogelijkheden naar impact – Beoordeling van de economische, maatschappelijke en culturele voordelen van YouTube in België

Deze studie beoordeelt de bijdrage van YouTube aan het BBP en de tewerkstelling in België alsook de bredere impact op de maatschappij en cultuur.

Find Out More