The founder of insurance and investment firm Resolution Clive Cowdery has given £50m to the Resolution Trust, a think-tank that aims to improve the lives of people on low and middle incomes.
To coincide with the new funding, Resolution Foundation chief executive Gavin Kelly will become chief executive of the Resolution Trust and retiring MP David Willetts will be the Foundation’s executive chairman.
Willetts was MP for Havant from 1992 until 2015, served in the Treasury and Cabinet Office and published The Pinch, a book about the ticking timebomb of an ageing population, in 2010.
His remit will be to expand the Foundation’s work to include how fairness can be better spread across the generations and training for over-16s.
Cowdery says: “Progressive change in Britain relies on finding common ground across the political spectrum – from all parties and none – and then being very deliberate about the key economic and social choices we face as a country. I want Resolution to offer practical and intellectual support on how best to resolve our challenges.”