Social Finance

Social Finance Social Finance is a London based organisation created in 2007 with the express aim of developing an effective social investment market in the UK.

Re-offending Social Impact Bond
On 18 March 2010, Secretary of State for Justice Jack Straw announced a six-year Social Impact Bond (SIB) pilot scheme run by Social Finance that will see around 3,000 short term prisoners from Peterborough prison, serving less than 12 months, receiving intensive interventions both in prison and in the community. Funding from investors outside government will be ini

tially used to pay for the services, which will be delivered by Third Sector providers with a proven track record of working with offenders. If reoffending is not reduced by at least 7.5% the investors will receive no recompense. The Social Impact Bond in Peterborough was launched by Secretary of State for Justice Kenneth Clarke MP and Prisons Minister Crispin Blunt on 10 September 2010. Publications
Towards a New Social Economy: Blended value creation through Social Impacts Bonds (2010),
Social Impact Bonds: Rethinking finance for social outcomes(2009),
Charity mergers: Tackling the issues in practice(2009)

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