On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on working with investors.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop on working with investors.
The presentation was a workshop at NCVO's European Funding Network's event LEPs, Growth and EU funds on Wednesday 25 September 2013.
The presentation was by Azlina Bulmer Charity Bank, Sam Tarff, The Key Fund, Chris Dadson, Social Investment Business and is a guide to Social Investment and Local Impact Funds.
Find out more about the event 'LEPs, Growth and EU funds': http://europeanfundingnetwork.eu/events/engaging-with-your-leps
Find out more about NCVO's European Funding network: http://europeanfundingnetwork.eu/
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Anna Bloch from Charity Finance Group and shares highlights of how charities have adapted and are continuing to adapt to the climate, covering reductions in statutory funding and new fundraising strategies.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about the work NCVO does around funding: http://www.ncvo.org.uk/practical-support/funding
Social impact bonds at a glance, August 2017Liat Zwirn
The social impact field has been enriched by new ideas and approaches, allowing it to do more with limited resources. This presentation glances at one of the new financing models: social impact bonds.
Natasha Yemm, Manager for the Social Enterprise Development and Investment Funds (SEDIF) initiative at the Australian Government Department of Employment, presented at our seminar entitled ‘Impact Investing Seminar: Revolutionising capital markets for greater societal gains’ on Thursday 9 October 2014 in Melbourne.
Held in partnership with National Australia Bank as part of our Sustainability Leadership Series, the seminar brought together experts from various fields, discussing the challenges and opportunities associated with this innovative way to invest capital for social and/or environmental benefits as well as financial returns.
For more information about this seminar and the UNAA Sustainability Leadership Series please visit www.unaavictoria.org.au/education-advocacy/masterclasses/
Learn the benefits of starting a local or regional Community Foundation or Trust to create a pool of funds that can be utilized to support community projects and maintain the quality of life in your region. Community Foundations are local or regional entities with charitable status and typically carry the capacity to receive donations or bequests in the form of cash, real estate and securities.
Opportunity Development Co-ops direct local capital back into communities and simplifies and reduces the cost of investing. Examples of potential products include: purchase of a business that is being closed due to retirement of the owner; conversion of a vacant building into a business incubator or commercial hub; or building a seniors facility.
This presentation was given by Thomas Leftwich - Senior Policy Advisor, Sector Sustainability Programmes.
For more resources on public service delivery visit http://www.ncvo.org.uk/practical-support/public-services
Concept social impact bonds - at a glance - august 2017Liat Zwirn
יפה ומעניין לראות חדשנות במגזר החברתי.
אחד מהתחומים בהם הדבר בא לידי ביטוי הינו תחום מימון הפעילות, ואחד מהמודלים החדשניים אשר שולבו במגזר בשנים האחרונות הינו האג"ח החברתי.
מודל זה יוצר שותפות בין המגזר הציבורי ובין מקורות מימון מהמגזר הפרטי / פילנתרופיה למול ROI פיננסי פוטנציאלי, לטובת מימון פעילות בתחום מסוים במסגרת המגזר החברתי.
Thursday 30 June, F11 - LEPs opportunities and challenges, Birmingham City Co...lgconf11
This event will examine the progress that Local Enterprise Partnerships have made during their first six months, and the challenges they face in achieving their ambitions in the future. The workshop will hear from local authority and business leaders from the Birmingham and Solihull LEP on their experience of working together in developing and delivering the LEP's agenda, and a leading academic will examine the issues that both the Government and local authorities will need to address to ensure that LEPs can fulfil their role as the main driver of economic growth in their area.
Presented at NCVO's Trustee Conference on Monday 11 November 2014.
The presentation was by Geetha Rabindrakumar, Big Society Capital, Tim Willis, Chair, London Early Years Foundation and Edward Baker, Chair, Furnistore. These slides look at what trustees need to know, how to know if it is right for your organisation and how you access it?
To learn more about governance: http://www.ncvo.org.uk/practical-support/governance
To find out about NCVO's Trustee Conference: http://www.ncvo.org.uk/training-and-events/trustee-conference
The presentation was a workshop at NCVO's European Funding Network's event LEPs, Growth and EU funds on Wednesday 25 September 2013.
The presentation was by Azlina Bulmer Charity Bank, Sam Tarff, The Key Fund, Chris Dadson, Social Investment Business and is a guide to Social Investment and Local Impact Funds.
Find out more about the event 'LEPs, Growth and EU funds': http://europeanfundingnetwork.eu/events/engaging-with-your-leps
Find out more about NCVO's European Funding network: http://europeanfundingnetwork.eu/
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Anna Bloch from Charity Finance Group and shares highlights of how charities have adapted and are continuing to adapt to the climate, covering reductions in statutory funding and new fundraising strategies.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about the work NCVO does around funding: http://www.ncvo.org.uk/practical-support/funding
Social impact bonds at a glance, August 2017Liat Zwirn
The social impact field has been enriched by new ideas and approaches, allowing it to do more with limited resources. This presentation glances at one of the new financing models: social impact bonds.
Natasha Yemm, Manager for the Social Enterprise Development and Investment Funds (SEDIF) initiative at the Australian Government Department of Employment, presented at our seminar entitled ‘Impact Investing Seminar: Revolutionising capital markets for greater societal gains’ on Thursday 9 October 2014 in Melbourne.
Held in partnership with National Australia Bank as part of our Sustainability Leadership Series, the seminar brought together experts from various fields, discussing the challenges and opportunities associated with this innovative way to invest capital for social and/or environmental benefits as well as financial returns.
For more information about this seminar and the UNAA Sustainability Leadership Series please visit www.unaavictoria.org.au/education-advocacy/masterclasses/
Learn the benefits of starting a local or regional Community Foundation or Trust to create a pool of funds that can be utilized to support community projects and maintain the quality of life in your region. Community Foundations are local or regional entities with charitable status and typically carry the capacity to receive donations or bequests in the form of cash, real estate and securities.
Opportunity Development Co-ops direct local capital back into communities and simplifies and reduces the cost of investing. Examples of potential products include: purchase of a business that is being closed due to retirement of the owner; conversion of a vacant building into a business incubator or commercial hub; or building a seniors facility.
This presentation was given by Thomas Leftwich - Senior Policy Advisor, Sector Sustainability Programmes.
For more resources on public service delivery visit http://www.ncvo.org.uk/practical-support/public-services
Concept social impact bonds - at a glance - august 2017Liat Zwirn
יפה ומעניין לראות חדשנות במגזר החברתי.
אחד מהתחומים בהם הדבר בא לידי ביטוי הינו תחום מימון הפעילות, ואחד מהמודלים החדשניים אשר שולבו במגזר בשנים האחרונות הינו האג"ח החברתי.
מודל זה יוצר שותפות בין המגזר הציבורי ובין מקורות מימון מהמגזר הפרטי / פילנתרופיה למול ROI פיננסי פוטנציאלי, לטובת מימון פעילות בתחום מסוים במסגרת המגזר החברתי.
Thursday 30 June, F11 - LEPs opportunities and challenges, Birmingham City Co...lgconf11
This event will examine the progress that Local Enterprise Partnerships have made during their first six months, and the challenges they face in achieving their ambitions in the future. The workshop will hear from local authority and business leaders from the Birmingham and Solihull LEP on their experience of working together in developing and delivering the LEP's agenda, and a leading academic will examine the issues that both the Government and local authorities will need to address to ensure that LEPs can fulfil their role as the main driver of economic growth in their area.
Presented at NCVO's Trustee Conference on Monday 11 November 2014.
The presentation was by Geetha Rabindrakumar, Big Society Capital, Tim Willis, Chair, London Early Years Foundation and Edward Baker, Chair, Furnistore. These slides look at what trustees need to know, how to know if it is right for your organisation and how you access it?
To learn more about governance: http://www.ncvo.org.uk/practical-support/governance
To find out about NCVO's Trustee Conference: http://www.ncvo.org.uk/training-and-events/trustee-conference
More presentations from the NCVO Annual conference: http://www.ncvo-vol.org.uk/networking-discussions/blogs/20591 will help you innovate in your work.
Fiona Sheil, Public Service Delivery Officer, NCVO
This expert-led workshop explores the future of contract design, what it means for funding public services and th e legal and cultural implications for organisations like yours. Public service contracting is becoming more diverse in both size and structure. With large contracts being broken up and work being passed down supply chains in sub-contracts, you see a number of challenges arising.
If you are involved in contracting , our panel of senior national charity finance directors and civil servants will help you navigate some of the key difficulties, including modelling cash-flows in supply chains and managing the sharing of risk between providers.
This presentation was given by Rachel Quinn (One East Midlands) on 27 March 2014 in York.
In the presentation Rachel discussed the role of LEP's.
Find out more about NCVO's european policy work:
The presentation was a workshop at Evolve 2014: the annual event for the voluntary sector in London on Monday 16 June 2014.
The presentation was chaired by Caron Bradshaw, Chief Executive, Charity Finance Group and looks at the practical issues around social investment, showcasing some of the products available, hearing from charities that have successfully used social investment and social investment providers.
Find out more about the Evolve Conference from NCVO: http://www.ncvo.org.uk/training-and-events/evolve-conference
Find out more about the work NCVO does around funding: http://www.ncvo.org.uk/practical-support/funding
This presentation was part of the NCVO event - 'It's Our Community research workshop - East of England'.
This event was organised by NCVO, BIG Society CIC and Peterborough Council for Voluntary Service, to look at how European funding has been used to fund community-led solutions to local problems, and explore how this funding might be used in the future.
Ingrid Gardiner (EU manager) gave a presentation on European Structural and Investment Funds : Community Grants. NCVO co-ordinates the European Funding Network.
You can find out more about NCVO events on the European Funding Network website: http://europeanfundingnetwork.eu/events/ncvo-event
Digital By Default Local Government Event - Southwark CathedralAndrew Bennett
Featured slides from the Gandlake, Southwark Council and IRRV event held at Southwark Cathedral on 12th November 2015.
Presenters:
Dominic Cain, Assistant Director (Revenues, Benefits & Financial Transaction shared services), Southwark Council
David Ashmore, Director of Business and Customer Service, Lambeth Council
Stephen Hughes, Freelance Financial Adviser (former LGA Executive Director and CEO of Birmingham City Council)
Dave Briggs, Head of Digital & Design, Adur and Worthing Councils
Karen Michael, Service Development Team Leader, London Borough of Southwark
Vivian Davies, Head of Collections and Credit Control, Family Mosaic
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on submitting a Full Application.
On 11th February 2016 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to health. These slides are from the workshop on the Ways to Wellness SIB.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the afternoon workshop by Staffordshire Country Council and Social Finance describing the development of their MHEP SIB supporting adults with mental health problems into employment.
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the morning workshop run by The Big Lottery Fund on submitting a Development Grant / Full Application
On 4th December 2015 the Big Lottery Fund and CBO evaluation team ran a peer learning event for people developing SIBs related to employment, housing and crime. These slides are from the morning session on the CBO national evaluation.
On 1 October Ecorys, ATQ and Big Lottery Fund hosted the first of a number of mini-conferences designed to help applicants to the CBO Fund develop their ideas through learning from others with similar experiences.
This presentation covers the Developing Business Cases workshop. Delegates heard how Newham Council had worked with Advance, a provider of positive support to adults with learning difficulties to develop an innovative SIB model that will enable such adults to live better lives in the community and also reduce housing and care costs for commissioners.
On 1 October Ecorys, ATQ and Big Lottery Fund hosted the first of a number of mini-conferences designed to help applicants to the CBO Fund develop their ideas through learning from others with similar experiences.
These slides cover the introductory session, including an introduction to the CBO fund, the CBO evaluation, details of the day and links to useful reports.
More from Commissioning Better Outcomes (CBO) fund evaluation (7)
Canadian Immigration Tracker March 2024 - Key SlidesAndrew Griffith
Highlights
Permanent Residents decrease along with percentage of TR2PR decline to 52 percent of all Permanent Residents.
March asylum claim data not issued as of May 27 (unusually late). Irregular arrivals remain very small.
Study permit applications experiencing sharp decrease as a result of announced caps over 50 percent compared to February.
Citizenship numbers remain stable.
Slide 3 has the overall numbers and change.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Up the Ratios Bylaws - a Comprehensive Process of Our Organizationuptheratios
Up the Ratios is a non-profit organization dedicated to bridging the gap in STEM education for underprivileged students by providing free, high-quality learning opportunities in robotics and other STEM fields. Our mission is to empower the next generation of innovators, thinkers, and problem-solvers by offering a range of educational programs that foster curiosity, creativity, and critical thinking.
At Up the Ratios, we believe that every student, regardless of their socio-economic background, should have access to the tools and knowledge needed to succeed in today's technology-driven world. To achieve this, we host a variety of free classes, workshops, summer camps, and live lectures tailored to students from underserved communities. Our programs are designed to be engaging and hands-on, allowing students to explore the exciting world of robotics and STEM through practical, real-world applications.
Our free classes cover fundamental concepts in robotics, coding, and engineering, providing students with a strong foundation in these critical areas. Through our interactive workshops, students can dive deeper into specific topics, working on projects that challenge them to apply what they've learned and think creatively. Our summer camps offer an immersive experience where students can collaborate on larger projects, develop their teamwork skills, and gain confidence in their abilities.
In addition to our local programs, Up the Ratios is committed to making a global impact. We take donations of new and gently used robotics parts, which we then distribute to students and educational institutions in other countries. These donations help ensure that young learners worldwide have the resources they need to explore and excel in STEM fields. By supporting education in this way, we aim to nurture a global community of future leaders and innovators.
Our live lectures feature guest speakers from various STEM disciplines, including engineers, scientists, and industry professionals who share their knowledge and experiences with our students. These lectures provide valuable insights into potential career paths and inspire students to pursue their passions in STEM.
Up the Ratios relies on the generosity of donors and volunteers to continue our work. Contributions of time, expertise, and financial support are crucial to sustaining our programs and expanding our reach. Whether you're an individual passionate about education, a professional in the STEM field, or a company looking to give back to the community, there are many ways to get involved and make a difference.
We are proud of the positive impact we've had on the lives of countless students, many of whom have gone on to pursue higher education and careers in STEM. By providing these young minds with the tools and opportunities they need to succeed, we are not only changing their futures but also contributing to the advancement of technology and innovation on a broader scale.
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
What is the point of small housing associations.pptxPaul Smith
Given the small scale of housing associations and their relative high cost per home what is the point of them and how do we justify their continued existance
What is the point of small housing associations.pptx
CBO Health Event: Working with Investors Workshop
1. COMMISSIONING BETTER OUTCOMES
INVESTOR WORKSHOP
Daria Kuznetsova, Strategy and Market Development Director, Big Society Capital,
February 11, 2016 dkuznetsova@bigsocietycapital.com
2. ABOUT BIG SOCIETY CAPITAL
Big Society Capital is an independent financial institution with a social mission, set up to help grow the
social investment market.
Our remit is to grow the social investment market in the UK. We do this by making capital available to
social finance intermediaries who in turn fund frontline organisations.
We also act as a market champion to build understanding and capacity across social enterprises,
charities and government around the use of repayable capital in delivering social outcomes
3. OUR MISSION
TO SUPPORT AND GROW THE SOCIAL INVESTMENT MARKET THROUGH OUR TWO ROLES
• Improving understanding of social investment
• Creating a better environment for social
investment, e.g. tax relief
• Encouraging more investors to become social
investors
• Increasing awareness among charities and social
enterprises that might benefit from social
investment
• £104 million drawn down with co-investment by
the end of 2014
• General and specialist funds: loans, equity,
regional, social issue, community
• Social Impact Bonds
• Social Banks
• Charity Bonds
• Supporting market infrastructure
As an investorAs a market champion
ABOUT BIG SOCIETY CAPITAL
4. PORTFOLIO AND ONE YEAR PIPELINE
Portfolio
Pipeline
• Social Prime (e.g. WP+)
• Charity Bonds
• Social property funds
- Transitional
- Supported living
- Community
4 Scale
Portfolio
Pipeline
• Blended capital targeting sub-
£150k loans
• Further regional and social
bank investments
1 Small & medium
charity finance
Portfolio
Pipeline
• Issue focused partnerships
- Corporates
- Foundations & charities
• Social Impact Bonds
- New funds and platforms
• Tech for Good
• Innovation pilots
2 Social
innovation
Portfolio
Pipeline
• Retail platforms
• Crowdfunding match fund for
SITR
• Community Assets
3 Participation
NESIC
COMMUNITY SHARE
UNDERWRITING
5. £9.96m max outcome payments
£1.65m investment capital
THERE ARE NOW 31 SOCIAL IMPACT BONDS IN THE UK
5
NationalCommissionerLocalCommissioner
2010 2011 2012 2013 2014 2015
Peterborough
Prison
Essex
Children at
edge of Care
GLA Rough
Sleepers St
Mungos
DWP 1 APM
DWP 1
Stratford DP
DWP 1 Indigo
DWP 1 Triodos
DWP 1 PEF
DWP 2 T&T
DWP 2
Adviza
DWP 2
Prevista
DWP 2 3SC
Manchester
Children in
Care
Newcastle
Ways to
Wellness
Worcestershire
Social Isolation
IAAM
Adoption
GLA Thames
Reach
DWP 1 Links 4
Life
Birmingham
Children in
Care
FCF Local
Solutions
FCF Fusion
Housing
FCF St Basils
FCF Depaul
FCF The
Y/Ambition
FCF Home
Group
YEF
Futureshapers
Sheffiled
YEF Unlocking
Potential
YEF Teens and
Toddlers
YEF Prevista
FCF P3
Cardiff children
in or at the
edge of care
Evolution of Social Impact Bond market in UK Observations
• 31 SIBs operational in the UK to
date
• More than 50 SIBs in various stages
of development
• Certain social issues more
appropriate for SIBs than others
• Range of structures
£1.34m max outcome payments
£550,000 investment capital
£2.5m max outcome payments
£900,000 investment capital
£4.9m max outcome payments
£3.1m investment capital
£4.5m max outcome payments
£1.5m investment capital
£3.7 max outcome payments
£900,000 investment capital
£7.9m max outcome payments
£1m investment capital
£3.74m max
outcome payments
£690,000
investment capital
6. WHO ARE THE INVESTORS
• Investors can either invest directly or through a specialist fund manager
• Range of social and financial return requirements
• Range of risk appetite
Foundations
• Barrow Cadbury Charitable Trust
• Esmée Fairbairn Foundation
• Friends Provident Foundation
• Omidyar
• The Henry Smith Charity
• Johansson Family Foundation
• LankellyChase Foundation
• The Monument Trust
• Panahpur Charitable Trust
• Paul Hamlyn Foundation
• Tudor Trust
• The Prince of Wales’s Charitable Foundation
• King Baudouin Foundation
• Berkshire Community Foundation
• Impetus Trust
• Montpelier Foundation
Institutional investors
• QBE Insurance
• European Investment Fund
• Great Manchester Pension Fund
• Merseyside Pension Fund
• Deutsche Bank
Retail Investors
Other Investors
• Bracknell Forest Homes
• Buckinghamshire County Council
Specialist fund managers
• Bridges Ventures Social Impact Bond Fund
• Caf Venturesome
• Keyfund
• Big Issue Invest
• Nesta
7. WHY ARE SOCIAL INVESTORS INVOLVED IN SIBS?
Why are social investors involved in
SIBs?
• Social Issue – commitment to tackling social need and achieving better outcomes
• Scaling up innovative interventions - facilitating take up of innovative
interventions that could transform existing approaches
• Financial return directly linked to social impact - Financial return is only
achieved if social outcomes are generated
• Rigour and focus from hands on & interactive investment approach by investors
working in collaboration with delivery bodies
• Capacity building for future PBR-type contracting from central Government or
Europe
8. WHAT IS THE POTENTIAL VALUE OF INVESTOR
INVOLVEMENT
Risk sharing
SIB delivery
experience and
shared learnings
Constructive
challenge and
rigorous
performance
management
Networks and
relationships
Additional
capacity building
for the providers
9. WHAT ARE INVESTORS LOOKING FOR
Structure and
incentives
• Does the outcomes
contract and the SIB
payment mechanism
maximise delivery of
impact?
• How robust are the
outcome assumptions
and are the outcome
payments aligned to the
intended impact?
• How are risks shared
across all parties?
• Are there other external
bodies that can
influence success? Are
there incentives aligned
to those of the
programme?
• Are there structures to
respond to effective
performance
management?
Proposed
Intervention
• What evidence is there
for the intervention
delivering the target
outcomes?
• Do we understand the
needs of the beneficiary
group and is the
intervention
appropriately targeting
those needs?
Delivery plans
• Do the staff of the
delivery organisation (s)
have the relevant
expertise and skills to
deliver the programme?
• Are governance
structures robust?
• Is performance
management in place?
• Are there data systems
in place or are there
plans to develop
systems?
• How ready is the
organisation to ramp up
operations?
Local buy in
• Is there buy in for the
programme with local
partners?
• Are the appropriate
partnerships set up to
deliver the programme?
• Is the referral pathway
clear?
11. INVESTOR LESSONS LEARNT
Development
Phase
• Stakeholder buy in
• Outcome and cohort
definition
• Staged payments
• Intervention development
• Incentive alignment
• Risk sharing
Legal
• Termination clauses
• Investor commitment and
caps on liability
• Exclusivity of service
provision
• Intellectual property
rights over service
delivery
Operational
• Ramp up
• Data systems
• Performance
management
• Governance
• Local buy in
• Impact of policy changes
13. TASK IN GROUPS
You are running a fund with investment from Big Society Capital, 2 foundations
and a Local Authority Pension Fund
Your mission is to maximise social return whilst returning capital with a small
return to your investors. You aim to do this by balancing social impact, risk and
return across your portfolio.
You have £500,000 left to invest and there are 3 Social Impact Bond
opportunities
Discuss what type of questions you would ask each of the programmes and
decide which you would back/
15. Provider holds outcomes-
based contracts directly.
No investor relationship
with commissioner
Who are we
backing?
Level of outsourced performance management
Direct SIB Intermediated SIB Managed SIB
Typical entity
structure
Performance
management
Investing in
Service Providers
Investing in
Prime Contractors
Deal origin
Investor-owned ltd co. with
Board, which holds main
PbR contract, and sub-
contracts to service provider
Service providers and investors
working with commissioner
Prime contractor
working with
commissioner
Newly formed prime
contractor, which holds PbR
contract, and tenders for
service providers
Within service provider Commissioned by SPV Provided by prime contractor,
which recruits a small team
Example
SIB MODELS
Established service provider
bidding for PbR contract
Within service provider
Direct working capital
Typical
financing
Provider holds PbR contract
directly, but Investor
receives agreed share of PbR
commissioner payments
Investor loan to service
provider, with interest rate
tied to contract success
SPV pays revenue to
service provider and
receives PbR payments
directly from commissioner
Prime contractor pays
revenue to service provider
and receives PbR payments
directly from commissioner
Investor pays revenue to
service provider and receives
PbR payments directly from
commissioner
16. HOW HAS THE SIB MARKET EVOLVED
• Diversity of risk sharing structure
• Different commissioners (central govt, local authority, CCG) and range of social issues – homelessness,
youth unemployment, children at the edge of care, long term conditions and others
• Most national SIBs have contract duration of 3 years with locally commissioned SIBs being longer
• Combination of rate card and individual transactions
• Some have funded new innovations with many using SIB mechanism to scale evidenced approaches
• Contract value £1m - £10m with investment requirement usually <£2m
• Range of outcome metrics and evaluation methods (historical, quasi experimental)
• Other than Peterborough, outcome prices have been set per participant and paid when outcomes have
been achieved.
• Increasing use of intermediate outcomes
• Biggest challenges have been the availability of measurable outcomes and resource required to set up 16
Editor's Notes
Through our two roles as market champion and as an investor, we are bringing this vision to life