Ramifications rumble on from the first tranche of Peterborough bond results which leads today’s stories in SIB News…
When the first impact bond got launched, policymakers, investors, social purpose organisations and charities saw its huge potential. This month, the first results of the break-through experiment were announced. The Social Impact Bond, in which EVPA members Social Finance, and Esmee Fairbarn, were instrumental; saw 17 social investors committing £5 mln to fund interventions to reduce reoffending among male prisoners released into society.
With a 8.4% reduction rate in re-offending versus the control group, the minimum hurdle of 7.5% reduction has triggered the repayment of investor capital, along with a modest return, meaning the bond has surpassed the minimum threshold and is considered a success.
In this episode of China money Podcast, guest Margot Brandenburg, former senior associate director at the Rockefeller Foundation, speaks with our host Nina Xiang, about China’s nascent impact investing sector, what she sees as the main driver of the space’s future growth, and what the pioneer impact investors in China are doing.