Social Finance is holding one-day events during March at which social enterprises, potential investors, service commissioners and others can find out more about the emerging market for Social Impact Bonds.
The Birmingham event is on the 14th March at Austin Court and is FREE — register here. Tickets are limited to two per organisation.
As Social Finance explains here: Social Impact Bonds are a form of outcomes-based contract in which public sector commissioners commit to pay for significant improvement in social outcomes (such as a reduction in offending rates, or in the number of people being admitted to hospital) for a defined population.
Social Impact Bonds are an innovative way of attracting new investment around such outcomes-based contracts that benefit individuals and communities. Through a Social Impact Bond, private investment is used to pay for interventions, which are delivered by service providers with a proven track record. Financial returns to investors are made by the public sector on the basis of improved social outcomes. If outcomes do not improve, then investors do not recover their investment.