The Pearson Affordable Learning Fund: combining social need with business know-how

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Tens of millions of children and young adults are missing out on their education due to conflict, threat of attack or the after-effects of natural disaster, some for weeks and months, still more for years at a time. When world leaders came together at the UN in September 2015, this challenge was top of mind as discussion focused on the Syrian refugee crisis and the need for both immediate action; and also with the launch of the 17 Global Goals, long term sustainable solutions to the world's biggest humanitarian challenges.

At Pearson, we’ve chosen to work with Save the Children to pilot models of sustainable, quality schooling for children in conflict zones, but we also want to address the ongoing education crisis that can be less immediately apparent than that brought about by war - 59m primary-school-age children out of school and nearly 800m illiterate people across the world. For those learners who are in school, there are many other trenchant challenges that plague education systems in sections of the developing world: lack of teachers, poor teacher development, insufficient materials, out of date resources...the list goes on. As we focus on Global Goal 4 - to ensure inclusive and quality education for all and promote lifelong learning - we are looking at ways to ensure every learner has access to a high-quality, affordable education.

One of the ways we are looking to do this is through the Pearson Affordable Learning Fund (PALF), which invests in entrepreneurs who are helping to meet the demand for high-quality, low-cost education in the developing world. In PALF’s first annual letter, learn more about the impact and reach of our ten portfolio companies as they set out to improve the quality of education for people everywhere.