The Rt Hon Iain Duncan Smith, a British MP, spoke about social impact bonds at the Social Market Foundation conference last week. He mentioned the Peterborough UK social impact bond, as well as Steve Aos's research in Washington State about estimating per-dollar social returns. Some interesting news:
Many of you will be aware of the reoffending Social Impact Bond in Peterborough – the first of its kind anywhere in the world.
We are also in the middle of procuring for the Innovation Fund, which will enable investors to back innovative projects which help disadvantaged young people.
This is about getting in there before people have left school, targeting kids from the age of 14 and up and tackling the root causes of disengagement from education and employment.
And the Cabinet Office is currently leading innovative pilot projects with four local authorities, looking at how social investment can be used to help turn around the lives of some of the most troubled families.
MP's comment here: http://www.dwp.gov.uk/newsroom/ministers-speeches/2011/15-12-11.shtml
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