Governments worldwide are examining the social impact bond structure as a potential mechanism to deliver social services to their constituencies. I gather here the latest information I have found about various
exploratory efforts around SIBs.
- Rhode Island: "SVPRI [Social Venture Partners Rhode Island] is collaborating with Boston-based Social Finance, Inc. to explore the feasibility of implementing Social Impact Bonds in Rhode Island. [...] We are currently reviewing the process of implementing a bond that would focus on reducing recidivism and could make Rhode Island among the first states to adopt this groundbreaking approach on investing with impact." (source)
SCOTLAND
- "The Scottish Government is currently investigating the potential of SIBs to contribute to improved outcomes and these may have potential to contribute to regeneration as well as other Governmental priorities" (source)
UNITED KINGDOM
- Peterborough ongoing recidivism SIB
- Exploration of SIB addressing preventive care with troubled families
UNITED STATES
- Massachusetts
- Minessota: investinoutcomes.org
- New York: "'We're actively moving it forward,' said Richard Buery, president and chief executive of the Children's Aid Society, which is working with the Cuomo administration and social justice organizations on the project." (source)- Rhode Island: "SVPRI [Social Venture Partners Rhode Island] is collaborating with Boston-based Social Finance, Inc. to explore the feasibility of implementing Social Impact Bonds in Rhode Island. [...] We are currently reviewing the process of implementing a bond that would focus on reducing recidivism and could make Rhode Island among the first states to adopt this groundbreaking approach on investing with impact." (source)
SCOTLAND
- "The Scottish Government is currently investigating the potential of SIBs to contribute to improved outcomes and these may have potential to contribute to regeneration as well as other Governmental priorities" (source)
CANADA
- "Feasibility studies are already underway in Canada to explore the use of SIBs, including one with the Heart and Stroke Foundation of Ontario that looks at lowering health-care costs through an innovative health management intervention to reduce hypertension. This initial feasibility work will provide tools and a path to development that will document the support necessary to develop SIBs in Canada." (source)
IRELAND
- Ireland's social investment fund has issued a call for ideas for SIB funding, with the deadline of Sept. 2011. Clann Credo - The Social Investment Fund, The Atlantic Philanthropies and the Centre for Effective Services have begun research Social Impact Bonds (SIBs) and their potential applicability in an Irish context. (source)
- Programme for Government (2011 to 2016) commits to establish Social Impact Bonds. Topics mentioned include social housing, anti-social behavior, children with ADHD, and diabetes.
- "The New South Wales Government in Australia has announced that it intends to implement a Social Impact Bond (SIB) from February 2011." (source)
SRI LANKA
- "Jeevan Thiagarajah, Executive Director of the Consortium of Humanitarian Agencies, in a proposal to the Ministry of Finance has suggested the creation of social impact bonds. He says under this the initial objective is to attract contributions of Rs.5, 000 from one million citizens who would receive annually 2 % interest on their investment which will be the initial capital of the fund." (source)
Update:
ISRAEL
- "The Portland Trust is in the process of establishing a Social Investment Task Force (SITF) in Israel. This will be led by Sir Ronald Cohen. The SITF will define and determine the course of action to reduce social gaps in Israel. A number of areas are being examined including: case studies of community investment funds from different countries; effective financial tools for social investment (including social impact bonds)" (source)
- "Jeevan Thiagarajah, Executive Director of the Consortium of Humanitarian Agencies, in a proposal to the Ministry of Finance has suggested the creation of social impact bonds. He says under this the initial objective is to attract contributions of Rs.5, 000 from one million citizens who would receive annually 2 % interest on their investment which will be the initial capital of the fund." (source)
Update:
ISRAEL
- "The Portland Trust is in the process of establishing a Social Investment Task Force (SITF) in Israel. This will be led by Sir Ronald Cohen. The SITF will define and determine the course of action to reduce social gaps in Israel. A number of areas are being examined including: case studies of community investment funds from different countries; effective financial tools for social investment (including social impact bonds)" (source)
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