It’s still early days for Social Impact Bonds (SIBs) in Africa. These financial innovations, which first piloted in the UK in 2010, use private investor capital to fund existing social interventions. The government commits to repaying the money with interest if the intervention is a measurable success. In short, a SIB is a financial and social investment that should have […]
In social finance circles, SIBs are a topic of hot debate. Most debaters do buy into the concept. But, because they are still in their infancy, many are waiting for evidence as opposed to anecdotes – tested models and impact-confirming outcomes to convince them that these instruments really work. In the mean time, debate continues…
So far, the story of Social Impact Bonds (SIBs) has been unfolding in the UK, US and, more recently, Australia. But now, as intermediaries look to bring SIB structures to Africa, Asia and Latin America, a whole new chapter of innovation is under way. [wooslider slider_type=”attachments”] Recognising the pivotal role that development finance institutions, corporations […]
Peterborough – The first SIB ever Background Launched officially in September 2010 with the Ministry of Justice in the UK. The aim was to prevent recidivism by working with 3 000 male short-sentence prisoners leaving Peterborough prison. The plan UK firm Social Finance raised £5-million from 17 social investors, to be drawn over six years […]
Social Impact Bonds are a way for public, nonprofit, and private sectors to adapt to new economic climates and collaborate to provide sustainable solutions with a measurable impact on society. | CONCEPT BY: Dr Alex Nicholls, Saïd Business School, Oxford |
In 2012, Jim Clifford knew that the Consortium of Voluntary Adoption Agencies (CVAA) in the UK was extremely effective at placing challenging children with adoptive parents. More effective than government programmes that wait for aspirant parents to approach them. As head of the not-for-profit advisory at accounting firm Baker Tilly, and an adoptive parent himself, […]
