Financial Statements for the Year Ending 31 December 2022
Summary of Our 2022 Strategic Report
The Tony Blair Institute has submitted its financial statements for the year ending 31 December 2022 to Companies House and is publishing them today, 4 October 2023, on this website. The full strategic report can be read in our financial statements.
Driving Change and Delivering Impact: A Year of Global Expansion and Strategic Alignment
The Tony Blair Institute for Global Change (TBI) is a not-for-profit entity that provides expert advice to political leaders worldwide on strategy, policy and delivery, unlocking the power of technology across all three.
The story of TBI in 2022 is one of global expansion driven by government demand. In the year that saw geopolitics upended by Russia’s invasion of Ukraine, health systems and economies under strain following the Covid-19 pandemic, and a worldwide cost-of-living crisis, we worked to deliver radical-yet-practical policy solutions to help leaders navigate these challenges and keep their agendas on track and delivering for people. This included helping countries to build national digital infrastructure crucial to economic growth and prosperity, brokering partnerships between countries and innovators to implement transformative tech solutions, and generating cutting-edge policy.
In 2022, we were operational in nearly 30 countries, with an average headcount of 514, up from 337.
We have built a global organisation of practitioners and experts in their fields and equipped them with the tools, alignment, focus and rigour they need to better serve clients, draw in powerful partners in support of our mission, and create a sustainable organisation that we believe will grow from strength to strength.
On strategy, we identify the key challenges and opportunities countries face so leaders can set their priorities for change; on policy, we work together to develop radical-yet-practical solutions to answer those challenges and harness those opportunities; and on delivery, we bring our practical expertise and network of partners to help leaders get things done. And because we believe the tech revolution offers governments the greatest possible chance to accelerate transformative change, we help leaders unlock the power of technology in all the work we do.
Guided by the insights and progressive vision of Executive Chairman Tony Blair, these three functions are deeply integrated to help us best support the leaders and governments we serve.
Government Advisory: Helping Leaders Go Further, Faster
At TBI we work at the highest levels of government, supporting leaders to turn their vision into practical reality and drive visible improvements in people’s daily lives.
Because we recognise that the tech revolution offers governments the greatest opportunity to accelerate transformative change, technology is now an integral part of our advisory offering. In 2022 we offered tech-related support to 84 per cent of our portfolio countries, up from 20 per cent in 2020, with a specific focus on health tech and life sciences, agricultural technology, digital infrastructure, digital government and digital identity – in response to government demand. This laser focus on tech-enabled transformation has been accelerated by our Tomorrow Partnership, the broker of relationships between our partner governments and tech innovators (see the Strategy & Partnerships section for more on this platform), among many other partners from fields as diverse as health, manufacturing and agriculture.
We are responsive to each individual country’s needs and goals, with expert advisors in priority policy areas including economic prosperity, health, climate and energy, peace and security, and digital transformation. TBI’s global expansion in 2022 has been a direct response to government demand for our depth and breadth of expertise, as well as our powerful embedded approach and value proposition combining strategy, policy and delivery – a combination that is unique to TBI among organisations offering government-advisory services.
In the Middle East, we support peace and prosperity for those who live in the region. We continued to engage with Israeli and Palestinian leaders, ministers and policymakers, as well as influential regional actors and multinational institutions, to inform thinking and decision-making on the Israeli-Palestinian conflict, with the aim of ensuring the two-state solution remains viable. With the complex situation requiring adaptable, pragmatic yet politically sensitive responses, we passionately believe that gains such as the Abraham Accords – signed between Israel and both the UAE and Bahrain in September 2020, with Tony Blair’s role recognised publicly – be built upon for long-term change.
Strategy & Partnerships: Working Together for Lasting Change
Partnership is central to our work – and encompasses governments, foundations, philanthropists, think-tanks, research institutions, corporations and tech companies. From accelerating digital transformation to exploring bold new approaches in global health, we know collaboration is crucial to creating demonstrable, quick and sustainable impact for our clients.
Drawing on learnings from the Covid-19 pandemic, two of our landmark health partnerships focused on the importance of expanding access to life-saving vaccines for long-term health security.
The Global Health Security Consortium (GHSC) is a partnership between TBI, the Ellison Institute for Transformative Medicine and a team of scientists at the University of Oxford. It provides insight, analysis and support to global leaders to help them prepare for the health-security challenges of tomorrow. The One Shot campaign – an ambitious health-policy initiative to end preventable disease worldwide by deploying innovations in vaccines and preventative injectables – was successfully launched by the partnership in 2022.
Having provided strategy support to Indonesia (host of the 2022 G20 presidency) to develop a global-health agenda, the GHSC presented the One Shot campaign at the B20 Summit (the G20 forum for dialogue with the global business community) in Bali in November to 3,000 business and government leaders from 69 countries and more than 45,000 participants online. It received support from global-health-community leaders such as the Coalition for Epidemic Preparedness Innovations; industry players such as GSK, Aspen Pharmacare, Oxford Nanopore Technologies and IQVIA; and the local Indonesian industry. The GHSC will continue this work in 2023 as it supports India and its G20 presidency.
Building on proposals put forward by the GHSC, the Africa Vaccines Programme (AVP) is a partnership between TBI and the Bill & Melinda Gates Foundation that supports the Africa Centres for Disease Control and Prevention and six governments with vaccine delivery as well as broader public-health outcomes. Launched in 2021 and expanded in 2022, the AVP has – among other projects – supported the government of Ghana to establish a National Health Security Policy, which will serve as a precursor to the planned Ghana Center for Disease Control. It also supported the efforts of the Ethiopian Food and Drug Authority to achieve maturity level 3 on the WHO’s Global Benchmarking Tool (indicating they have been found to be functioning well), a key step for the manufacturing and exporting of vaccines.
The GHSC’s One Shot campaign was adopted by the B20 as a health legacy project. In partnership with the Africa CDC and countries including Burkina Faso, Ethiopia, Ghana, Kenya, Malawi and Senegal, AVP helped increase vaccination rates and strengthen the continent’s resilience to Covid-19. In Burkina Faso, AVP contributed to an increase in vaccination coverage from 7 to 16 per cent, and in Ghana coverage increased from 9 to 32 per cent of the total population between December 2021 and early 2023.
Through the Tomorrow Partnership in 2022, we helped leaders and governments deliver practical and transformative technology solutions – from overhauling passport and medicine-delivery services in Kenya, to developing and distributing cloud-powered digital vaccination passes in Senegal, to improving free WiFi services in schools, hospitals and markets in Malawi.
Policy & Politics: Developing Radical-yet-Practical Solutions to the World’s Most Pressing Challenges
TBI’s Policy & Politics (P&P) function is where radical-yet-practical ideas are incubated and tested. This team includes political, policy and sectoral experts and geopolitical strategists who combine to challenge traditional orthodoxy and provoke new ways of thinking about our biggest policy challenges.
Our P&P capability draws on TBI’s world-class expertise to generate solutions to the biggest challenges leaders face – such as strengthening health systems in the aftermath of the Covid pandemic, confronting a growing cost-of-living crisis and responding to the multifaceted reverberations of the war in Ukraine. This work is delivered by a global team of policy experts and political strategists, and it is underpinned by the highest quality research, writing and connectivity with influential networks.
In 2022 this included the publication of original research and analysis, stakeholder engagement and events designed to shape debate and set out our radical-yet-practical solutions to complex policy problems. We developed in-depth ideas and proposals on AI, biotech, economic prosperity, geopolitics and foreign policy, climate change and the net-zero transition, health, education and digital transformation, among others.
In June 2022 we launched our Future of Britain initiative, bringing together experts, policymakers and changemakers to address the challenges the country faces, including harnessing the tech revolution, reaching net zero, driving economic prosperity in the face of a cost-of-living crisis and defining Britain’s place in a post-Brexit world.
Our work on climate and energy policy makes the case for an inclusive transition to net zero, and we also see transformative technology as a key enabler. In 2022, we worked with the Egyptian government, the hosts of the COP27 conference, on high-level planning and stakeholder engagement, which culminated in recommendations for accelerating private-capital deployment to support clean energy and climate projects in developing economies. During the COP27 conference, TBI’s delegation set out why it is in the global interest for developed economies to work with low- and middle-income countries as partners to tackle climate change and close the climate divide. This work provides an exemplar of our mission in action.
In 2022 we also generated insights and recommendations on urgent, complex geopolitical challenges. This included exclusive polling conducted for TBI by Zogby Research Services on changing values, priorities and an appetite for a forward-looking agenda in the Middle East; deep analysis of the 20th Chinese Communist Party congress; rich polling from the streets of Iran in response to 2022’s unprecedented anti-regime protests; and a comprehensive, ongoing series on the war in Ukraine, looking at the multifaceted global reverberations of the crisis.
Financial Review
The year to 31 December 2022 saw the Institute continue to expand and increase our global project portfolio. The Institute has generated a surplus for the second successive year (2022: $16.8 million, 2021: $17.0 million), consolidating our financial position and giving strong foundations for the future activities of the Institute.
The group turnover has grown by $40.0 million (+49 per cent), being the second year of strong growth for the Institute, while group expenditure has increased by $34.3 million (+56 per cent). To support new projects and operations in new areas, overall staff numbers have similarly grown, increasing to an average of 514 in 2022 (+177; 53 per cent). Our people are pivotal to the work of the Institute and represents both the majority of costs for the Institute and the biggest element of increased costs in the year. This stems primarily from the continued growth in staff numbers in the Institute.
As the restrictions of the Covid-19 impact receded globally, the Institute has incurred additional operational expenditure in support of both ongoing projects and the establishment of Institute projects in new countries.
The directors have formed an assessment of the Group’s ability to continue its operations into the foreseeable future, considering a range of modelled scenarios and outcomes. They have concluded that TBI remains a going concern. As of 31 December 2022, the Group’s reserves stood at $39.6 million and the Group reports healthy cash balances of $47.1 million. TBI is confident in its ability to deliver on the commitments into which it has entered, and to secure sufficient funding in the future to take on new commitments as its programme evolves to meet the ever-changing needs of political leaders and governments.
Tony Blair is the Institute’s Executive Chairman. Mr Blair receives no remuneration for his work on behalf of TBI, to which he devotes the majority of his time, and is the sole subscribing member of the Company.
Summary of Our 2022 Strategic Report
The Tony Blair Institute has submitted its financial statements for the year ending 31 December 2022 to Companies House and is publishing them today, 4 October 2023, on this website. The full strategic report can be read in our financial statements.
Driving Change and Delivering Impact: A Year of Global Expansion and Strategic Alignment
The Tony Blair Institute for Global Change (TBI) is a not-for-profit entity that provides expert advice to political leaders worldwide on strategy, policy and delivery, unlocking the power of technology across all three.
The story of TBI in 2022 is one of global expansion driven by government demand. In the year that saw geopolitics upended by Russia’s invasion of Ukraine, health systems and economies under strain following the Covid-19 pandemic, and a worldwide cost-of-living crisis, we worked to deliver radical-yet-practical policy solutions to help leaders navigate these challenges and keep their agendas on track and delivering for people. This included helping countries to build national digital infrastructure crucial to economic growth and prosperity, brokering partnerships between countries and innovators to implement transformative tech solutions, and generating cutting-edge policy.
In 2022, we were operational in nearly 30 countries, with an average headcount of 514, up from 337.
We have built a global organisation of practitioners and experts in their fields and equipped them with the tools, alignment, focus and rigour they need to better serve clients, draw in powerful partners in support of our mission, and create a sustainable organisation that we believe will grow from strength to strength.
On strategy, we identify the key challenges and opportunities countries face so leaders can set their priorities for change; on policy, we work together to develop radical-yet-practical solutions to answer those challenges and harness those opportunities; and on delivery, we bring our practical expertise and network of partners to help leaders get things done. And because we believe the tech revolution offers governments the greatest possible chance to accelerate transformative change, we help leaders unlock the power of technology in all the work we do.
Guided by the insights and progressive vision of Executive Chairman Tony Blair, these three functions are deeply integrated to help us best support the leaders and governments we serve.
Government Advisory: Helping Leaders Go Further, Faster
At TBI we work at the highest levels of government, supporting leaders to turn their vision into practical reality and drive visible improvements in people’s daily lives.
Because we recognise that the tech revolution offers governments the greatest opportunity to accelerate transformative change, technology is now an integral part of our advisory offering. In 2022 we offered tech-related support to 84 per cent of our portfolio countries, up from 20 per cent in 2020, with a specific focus on health tech and life sciences, agricultural technology, digital infrastructure, digital government and digital identity – in response to government demand. This laser focus on tech-enabled transformation has been accelerated by our Tomorrow Partnership, the broker of relationships between our partner governments and tech innovators (see the Strategy & Partnerships section for more on this platform), among many other partners from fields as diverse as health, manufacturing and agriculture.
We are responsive to each individual country’s needs and goals, with expert advisors in priority policy areas including economic prosperity, health, climate and energy, peace and security, and digital transformation. TBI’s global expansion in 2022 has been a direct response to government demand for our depth and breadth of expertise, as well as our powerful embedded approach and value proposition combining strategy, policy and delivery – a combination that is unique to TBI among organisations offering government-advisory services.
In the Middle East, we support peace and prosperity for those who live in the region. We continued to engage with Israeli and Palestinian leaders, ministers and policymakers, as well as influential regional actors and multinational institutions, to inform thinking and decision-making on the Israeli-Palestinian conflict, with the aim of ensuring the two-state solution remains viable. With the complex situation requiring adaptable, pragmatic yet politically sensitive responses, we passionately believe that gains such as the Abraham Accords – signed between Israel and both the UAE and Bahrain in September 2020, with Tony Blair’s role recognised publicly – be built upon for long-term change.
Strategy & Partnerships: Working Together for Lasting Change
Partnership is central to our work – and encompasses governments, foundations, philanthropists, think-tanks, research institutions, corporations and tech companies. From accelerating digital transformation to exploring bold new approaches in global health, we know collaboration is crucial to creating demonstrable, quick and sustainable impact for our clients.
Drawing on learnings from the Covid-19 pandemic, two of our landmark health partnerships focused on the importance of expanding access to life-saving vaccines for long-term health security.
The Global Health Security Consortium (GHSC) is a partnership between TBI, the Ellison Institute for Transformative Medicine and a team of scientists at the University of Oxford. It provides insight, analysis and support to global leaders to help them prepare for the health-security challenges of tomorrow. The One Shot campaign – an ambitious health-policy initiative to end preventable disease worldwide by deploying innovations in vaccines and preventative injectables – was successfully launched by the partnership in 2022.
Having provided strategy support to Indonesia (host of the 2022 G20 presidency) to develop a global-health agenda, the GHSC presented the One Shot campaign at the B20 Summit (the G20 forum for dialogue with the global business community) in Bali in November to 3,000 business and government leaders from 69 countries and more than 45,000 participants online. It received support from global-health-community leaders such as the Coalition for Epidemic Preparedness Innovations; industry players such as GSK, Aspen Pharmacare, Oxford Nanopore Technologies and IQVIA; and the local Indonesian industry. The GHSC will continue this work in 2023 as it supports India and its G20 presidency.
Building on proposals put forward by the GHSC, the Africa Vaccines Programme (AVP) is a partnership between TBI and the Bill & Melinda Gates Foundation that supports the Africa Centres for Disease Control and Prevention and six governments with vaccine delivery as well as broader public-health outcomes. Launched in 2021 and expanded in 2022, the AVP has – among other projects – supported the government of Ghana to establish a National Health Security Policy, which will serve as a precursor to the planned Ghana Center for Disease Control. It also supported the efforts of the Ethiopian Food and Drug Authority to achieve maturity level 3 on the WHO’s Global Benchmarking Tool (indicating they have been found to be functioning well), a key step for the manufacturing and exporting of vaccines.
The GHSC’s One Shot campaign was adopted by the B20 as a health legacy project. In partnership with the Africa CDC and countries including Burkina Faso, Ethiopia, Ghana, Kenya, Malawi and Senegal, AVP helped increase vaccination rates and strengthen the continent’s resilience to Covid-19. In Burkina Faso, AVP contributed to an increase in vaccination coverage from 7 to 16 per cent, and in Ghana coverage increased from 9 to 32 per cent of the total population between December 2021 and early 2023.
Through the Tomorrow Partnership in 2022, we helped leaders and governments deliver practical and transformative technology solutions – from overhauling passport and medicine-delivery services in Kenya, to developing and distributing cloud-powered digital vaccination passes in Senegal, to improving free WiFi services in schools, hospitals and markets in Malawi.
Policy & Politics: Developing Radical-yet-Practical Solutions to the World’s Most Pressing Challenges
TBI’s Policy & Politics (P&P) function is where radical-yet-practical ideas are incubated and tested. This team includes political, policy and sectoral experts and geopolitical strategists who combine to challenge traditional orthodoxy and provoke new ways of thinking about our biggest policy challenges.
Our P&P capability draws on TBI’s world-class expertise to generate solutions to the biggest challenges leaders face – such as strengthening health systems in the aftermath of the Covid pandemic, confronting a growing cost-of-living crisis and responding to the multifaceted reverberations of the war in Ukraine. This work is delivered by a global team of policy experts and political strategists, and it is underpinned by the highest quality research, writing and connectivity with influential networks.
In 2022 this included the publication of original research and analysis, stakeholder engagement and events designed to shape debate and set out our radical-yet-practical solutions to complex policy problems. We developed in-depth ideas and proposals on AI, biotech, economic prosperity, geopolitics and foreign policy, climate change and the net-zero transition, health, education and digital transformation, among others.
In June 2022 we launched our Future of Britain initiative, bringing together experts, policymakers and changemakers to address the challenges the country faces, including harnessing the tech revolution, reaching net zero, driving economic prosperity in the face of a cost-of-living crisis and defining Britain’s place in a post-Brexit world.
Our work on climate and energy policy makes the case for an inclusive transition to net zero, and we also see transformative technology as a key enabler. In 2022, we worked with the Egyptian government, the hosts of the COP27 conference, on high-level planning and stakeholder engagement, which culminated in recommendations for accelerating private-capital deployment to support clean energy and climate projects in developing economies. During the COP27 conference, TBI’s delegation set out why it is in the global interest for developed economies to work with low- and middle-income countries as partners to tackle climate change and close the climate divide. This work provides an exemplar of our mission in action.
In 2022 we also generated insights and recommendations on urgent, complex geopolitical challenges. This included exclusive polling conducted for TBI by Zogby Research Services on changing values, priorities and an appetite for a forward-looking agenda in the Middle East; deep analysis of the 20th Chinese Communist Party congress; rich polling from the streets of Iran in response to 2022’s unprecedented anti-regime protests; and a comprehensive, ongoing series on the war in Ukraine, looking at the multifaceted global reverberations of the crisis.
Financial Review
The year to 31 December 2022 saw the Institute continue to expand and increase our global project portfolio. The Institute has generated a surplus for the second successive year (2022: $16.8 million, 2021: $17.0 million), consolidating our financial position and giving strong foundations for the future activities of the Institute.
The group turnover has grown by $40.0 million (+49 per cent), being the second year of strong growth for the Institute, while group expenditure has increased by $34.3 million (+56 per cent). To support new projects and operations in new areas, overall staff numbers have similarly grown, increasing to an average of 514 in 2022 (+177; 53 per cent). Our people are pivotal to the work of the Institute and represents both the majority of costs for the Institute and the biggest element of increased costs in the year. This stems primarily from the continued growth in staff numbers in the Institute.
As the restrictions of the Covid-19 impact receded globally, the Institute has incurred additional operational expenditure in support of both ongoing projects and the establishment of Institute projects in new countries.
The directors have formed an assessment of the Group’s ability to continue its operations into the foreseeable future, considering a range of modelled scenarios and outcomes. They have concluded that TBI remains a going concern. As of 31 December 2022, the Group’s reserves stood at $39.6 million and the Group reports healthy cash balances of $47.1 million. TBI is confident in its ability to deliver on the commitments into which it has entered, and to secure sufficient funding in the future to take on new commitments as its programme evolves to meet the ever-changing needs of political leaders and governments.
Tony Blair is the Institute’s Executive Chairman. Mr Blair receives no remuneration for his work on behalf of TBI, to which he devotes the majority of his time, and is the sole subscribing member of the Company.
Previous years' financial statements