Once again the UK is leading the pace in SIB News and it is government committing money and resources to ultimately help relieve the spending of government as it goes along…
There are two new sets of resources on social impact bonds and help for Small and Medium Enterprisess (SMEs) bidding for Government business that have been prodouced by the Cabinet Office.
First, the Centre for Social Impact Bonds has recently launched two important tools to help developers of social impact bonds:the Social Impact Bond Knowledge Box and a template SIB service agreement contract.
The Social Impact Bond Knowledge Box is an online portal produced by the Centre for SIBs with contributions from across Government and the social investment sector. It has detailed information for developing and commissioning SIBs; from identifying service areas suitable for SIBs to measuring outcomes and calculating savings.
The social investment body will encourage a spread of new products, with a focus on a broader range of smaller investors, says chief executive Nick O’Donohoe
Big Society Capital will work with mainstream financial institutions over the coming year to see how they can better support social investment, the social lender has said in its first annual report.
Nick O’Donohoe, chief executive of BSC, which by the end of 2012 had committed £56m to 20 intermediaries, says in the report that it will aim to commit between £75m and £100m to up to 20 new investments over the coming year.