More on Australia’s progress, a general update on the broad social genre and first up a slightly technical but worthwhile article from Cape Town. Welcome to Monday’s SIB News, happy scrolling and making the world a better place today.
The Bertha Centre for Social Innovation and Entrepreneurship (Bertha Centre) at the University of Cape Town Graduate School of Business (UCT GSB) was established in 2011 as a centre of excellence in Africa dedicated to research, teaching, dialogue and support of social innovations that positively change and challenge rules, policies, technologies, structures, beliefs and institutions. The Bertha Centre invests in the next generation of social innovators through scholarships; practical, rigorous teaching, exposure and debate; and a focus on applying leading social innovation research. Bertha Centre streams of focus include Education Innovation, Inclusive Health Innovation, Innovative Financing and Scaling Social Innovation. The Bertha Centre was established in partnership with the Bertha Foundation, a family foundation that works with inspiring leaders who are catalysts for social and economic change.
SVA: Newpin Social Benefit Bond Returns 7.5% In First Year
Rachel Alembakis – Sustainability Report Magazine
The AU$7 mln social benefit bond (SBB) funding the Newpin program run by UnitingCare Burnside will deliver a return of 7.5% to investors this year after its first 12 months.
According to Social Ventures Australia (SVA), which launched the SBB, Deloitte has certified the 7.5% return for the Newpin SBB. The SBB is Australia’s first offering and funds the Newpin program run by UnitingCare Burnside, which operates out of four centres in Sydney’s west. The program is designed to prevent children entering foster care and improve the rate of children being safely returned to their families. The bond will fund the maintenance of existing centres, and the planned expansion of six more centres in New South Wales.
An Update On Social Finance
Building Change Trust
Nigel McKinney, Director of Operations at Building Change Trust outlines the work that will take place on the theme of social finance in the coming months.
The Trust’s involvement in social finance stems from its award of a £1 mln capital grant to Charity Bank to help develop its deposit taking, loan making and investment readiness activity in Northern Ireland.