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The social impact bond is a non-tradeable version of social policy bonds, first conceived by Ronnie Horesh, a New Zealand economist, in 1988. [13] Since then, the idea of the social impact bond has been promoted and developed by a number of agencies and individuals in an attempt to address the paradox that investing in prevention of social and health problems saves the public sector money, but ...
The first social impact bond was originated by Social Finance UK in 2010, [1] [2] supported by the Rockefeller Foundation, structured to reduce recidivism among inmates from Peterborough Prison. Based on the SIB model, a DIB creates a contract between private investors and donors or governments who have agreed upon a shared development goal.
At its core, impact investing is about an alignment of an investor's beliefs and values with the allocation of capital to address social and/or environmental issues. Impact investors actively seek to place capital in businesses, nonprofits, and funds in industries such as renewable energy, [2] housing, healthcare, education, microfinance, and ...
Notable examples of social finance instruments are social impact bonds and social impact funds. [9] Since the 2007–2008 financial crisis, the social finance industry has been experiencing a period of accelerated growth as shifts in investor sentiment have increased demand for ethically responsible investment alternatives by retail investors.
Social Finance helped develop the first Social Impact Bond project in the world in the UK in 2010, [6] a six-year social impact bond pilot scheme run by Social Finance to see around 3,000 short-term prisoners from Peterborough prison, serving less than 12 months, receiving intensive interventions both in prison and in the community. Funding ...
The Social Impact Incentives (SIINC) model is a blended finance instrument introduced for the first time in 2016. [1] In the SIINC model, enterprises are provided with time-limited premium payments for achieving social impact, [ 2 ] thus aligning profitability with their social impact and enabling them to attract growth capital. [ 3 ]
Impact investing, capitalizes businesses that potentially provide social or environmental impact at a scale that purely philanthropic interventions usually cannot reach. [56] This capital may be in a range of forms including private equity, debt, working capital lines of credit, and loan guarantees.
The Educate Girls Development Impact Bond is a performance-based structure where The service provider (Educate Girls) delivers social impact to a targeted population, the investor (UBS Optimus) who provides the upfront working capital required for the implementation of the project and the outcome payer (The Children's Investment Trust) pays the ...