Cascade Commentary

Nationwide Building Society launches a start-up challenge to help tackle Poverty Premium

March 2021

Nationwide Building Society has announced a £2.5m investment in the Fair By Design (FBD) fund, a venture fund managed by Ascension Ventures that provides capital to help grow businesses that make markets fairer. It is estimated that almost 700,000 additional people faced poverty during the winter of 2020 as a result of the global pandemic. Alongside this investment, Nationwide Building Society will also launch a start-up business incubator programme aimed at supporting business tackling poverty in effective new ways.

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