Sir Ronald Cohen, a venture capital behemoth is putting more and more effort behind SIBs and today he notes how the bonds can improve social services without costing government more. A breakthrough society must grasp in these straitened times…

Sir Ronald Cohen: Measuring Of Social Investment Outcomes A ‘Breakthrough’
blue & green tomorrow

The ability to measure social outcomes from investment has been described as “breakthrough thinking” by one of the sector’s biggest names.

Sir Ronald Cohen, chairman of Big Society Capital and the Portland Trust, said that social investment strategies no longer had to be judged solely by the financial returns they generate.

Instead, through vehicles like social impact bonds (SIBs) – financing mechanisms that see outside investors help fund social initiatives, with the aim of being paid back by the government if successful – investors can now see the extent to which they money has done tangible social good.