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His Majesty The King visited Impact Hub Yorkshire today (15 May 2025) to meet with individuals and organisations helped by the social enterprise and mark its transition to a Yorkshire-wide entity. During his visit, The King unveiled a special plaque to mark both the five-year anniversary of the Impact Hub, and its transition from Impact Hub Bradford to Impact Hub Yorkshire. Founded during the pandemic, over the past five years Impact Hub Bradford has helped thousands individuals and hundreds businesses. Part of a wider network of 120 Impact Hubs globally, Impact Hub Yorkshire is just one of four in the UK.  The Impact Hub network forms the largest collective of impact makers globally, and have a strong focus on people and planet, whether that be helping to connect different communities, or change the lives of individuals and businesses for the better, in a sustainable way.  Impact Hub Yorkshire’s CEO and founder, Kamran Rashid said: “It was an honour to host His Majesty The King at Impact Hub Yorkshire’s offices here in Little Germany, Bradford, and show him the work our organisation does. “Our members spoke passionately about their own experiences and the projects that Impact Hub has helped to facilitate. Having the recognition of this visit is an important milestone for us all, as we look towards an exciting future helping individuals and organisations throughout Yorkshire.” Amongst the organisations introduced to The King, and supported by the Impact Hub, were Green Street; Pandoras Box Deserts; Tasif Khan Community Boxing Academy; IK School of Tailoring; and the African Caribbean Achievement Project.  The work Impact Hub Yorkshire delivers is as varied as it is extensive.  The social enterprise has recently led a project focussed on bringing regeneration and inward investment to Little Germany, the area of the city centre that the Impact Hub is based in. This has included shining a spotlight on this important heritage asset, which has the highest density of listed buildings in Europe.  The King last visited Little Germany in 2008, then as Prince Charles, when he spoke passionately about the area’s rich architectural heritage.  Other projects led by Impact Hub Yorkshire have included supporting boxer Tasif Khan on a number of initiatives, which has included community outreach and education resources, aimed at inspiring young people to create a positive impact on the city.  The change to Impact Hub Yorkshire will allow the organisation to scale up what it is able to deliver, both in terms of size of project and geography. Impact Hub Yorkshire will further celebrate its five years of success at a special gala dinner in June – the first evening dinner to be hosted at the refurbished ballroom at Bradford Live.

Academic research shows how power dynamics between social investors and social enterprises can shift in the face of major economic and social shocks, such as COVID. Dr Julia Morley from the London School of Economics explains the key findings of her recent paper Talking Across Purposes. Social investing has become a transformative force, directing private capital towards social enterprises to achieve financial returns and social good. In the UK alone, the sector saw investments totalling £830 million in 2021, highlighting its significant growth and impact. However, the diverse backgrounds of stakeholders, including investors, social enterprises, and policymakers, often lead to communication challenges, particularly regarding the terminology used within the sector. Language and misunderstandings: The ambiguous nature of key terms is at the core of many misunderstandings in social investing. For instance, the definition of "social impact" can vary widely among stakeholders. For some, it might mean quantifiable outcomes like employment rates, while for others, it refers to more nebulous benefits, such as improvements in well-being. While initially beneficial in allowing varied parties to find common ground, this ambiguity can also lead to significant challenges as projects develop. Can ambiguity be useful? Ambiguity does have its advantages. It enables a broad range of stakeholders to engage with the idea of social impact without being bogged down by rigid definitions. This can foster collaboration across different sectors and viewpoints, facilitating initial agreements and partnerships that might not otherwise be possible. The downside: Over time, however, the benefits of this ambiguity diminish. Different interpretations of the same terms can lead to misunderstandings and misalignments between investors and social enterprises. These miscommunications can create friction and inefficiencies, hindering the sector's overall effectiveness. Push for precision: In response to these challenges, there has been a move towards standardisation and clarity in the language used in social investing. Investors, often holding greater power in these discussions, have led the push for defining terms and setting standards. This has included the creation of glossaries and training programs aimed at aligning the sector's language with investor expectations. Shifting power dynamics: The COVID-19 pandemic shifted power dynamics within the social investment sector. The crisis underscored the importance of knowledge of the operational realities of delivering services to beneficiaries and shifted the balance of authority over knowledge to social enterprises. During this period of instability and change, their local knowledge of beneficiaries’ needs and frontline operational issues gave their views more weight relative to the traditional financial expertise that investors had previously leveraged. This shift in the balance of power was short-lived, however. As the status quo returned, so did the perceived relevance and value of investors’ financial expertise in social investing. Conclusion: The experiences during the pandemic have provided valuable insights into the importance of language in social investing and how significant disruptions can shift the authority of knowledge, alter power dynamics, and shape how the meanings of terms – and hence practices within the sector - evolve. As the sector continues to grow, both investors and social enterprises must remain aware of these dynamics to foster an inclusive and effective social investing environment. Key takeaways: While initially helpful, the ambiguity in social investing terminology can lead to challenges as misunderstandings become apparent. Standardisation efforts are crucial but do not reflect all stakeholders’ interests equally. Significant destabilising events, like the pandemic, can reshape power structures, offering lessons on how to manage and negotiate terms in social investing more equitably. The full paper which this piece summarises can be found here.  This article is part of SEUK’s Social Enterprise Knowledge Centre University Network – to find out more please contact research@socialenterprise.org.uk