These investor-backed schemes to tackle social problems show 'real potential to improve how governments worldwide deliver public services', says report.
The GIIN's 2016 Impact Investor's Survey forecasts steady growth in the global impact investment market over the next year. Ellie Ward speaks to CEO Amit Bouri to find out more.
"A common misconception about Social Impact Bonds (SIBs) is that money is the driving factor." Jenny North from Impetus PEF explains why she welcomes government enthusiasm for SIBs.
The UK government has unveiled its 2016 social investment strategy in two new publications ahead of the Chancellor's Budget announcement tomorrow. The government aims to ensure the UK remains a world leader in social investment.
Two new social impact bonds have been launched in the states of South Carolina and Connecticut in the US, students prepare to mobilise for social causes in the UK and USAID backs the Miller Centre for Social Entrepreneurship.
"As funding for outcomes-based commissioning increases, so must the efforts of the sector to learn from social impact bonds to date," argues Jenny North at Impetus-PEF.
With the UK Chancellor's recent announcement of more support for social impact bonds in the latest spending review, social ventures need to put their ship in order now, argues Heather Black of Economic Change.
Cuts to the Cabinet Office raise concerns about the future of the Ministry of Civil Society and £20m of support per year is allocated to social impact bonds following Chancellor George Osborne's Autumn Statement in the UK.
The creation of a new financial market isn't something that happens overnight. Ellie Ward examines some of the missing pieces in the social finance puzzle.
