Big Society Capital and Bridges Ventures have launched a £14m Social Impact Bond (SIB) fund, in an effort to help channel finance into the social economy.
The first SIB was launched in September 2010 by Social Finance UK. The funds are effectively a contract with the public sector, in which an agreement is made to pay for significant improvements in social outcomes that will result in increased savings over the long-term.
The launch of the new £14m fund by Big Society Capital and Bridges Ventures is partially an attempt to tackle faltering government funding, by opening up the SIB route to a wider set of investors and social sector organisations that are looking for finance.
In an interview with Pioneers Post, Antony Ross, partner and head of social sector funds at Bridges Ventures said, “This is the first dedicated fund with a diversified portfolio across different interventions. Our fund will support bonds covering programmes ranging from homelessness of young people, to care of the elderly.
“It’s the first time knowledge and support around these financial services will be collected in one place, and we hope it will make a huge impact on the success of the SIB model over the next few years as more people become engaged with it.”
SIBs have become an innovative way of generating finance while benefiting individuals and communities. More information on the different types of ethical funds available can be found in the Blue & Green Tomorrow’s Guide to Ethical Funds 2013.
Like our Facebook Page
Strange Ways the Sporting World Impacts the Environment
The Future of Cryptocurrency is Eco-Friendlier than the Present
Why Bill Gates Is Wrong on the Climate Impact of Bitcoin
Everything You Need to Know to Create an Eco-Friendly Nursery
4 Environmental Benefits of Using A Buckwheat Pillow
Eco-Friendly Ways to Dispose of The Office Furniture!
7 Huge Advantages of Using Solar Power at Home
5 Important Changes to Become An Eco-Friendly Nicotine User
4 Great Ways to be a Committed Eco-Tourist While Flying
7 Basic Types of Forex Charts Ethical Investors Must Understand
How to Make Your Ecommerce Business More Eco-Friendly?
How Can Social Media Help In Promoting Sustainable Lifestyle?
Luxury Development for The Ultra-Rich Causing Climate Change Conundrum in Barbuda
How Does Bitcoin Mining Work and is it Eco-Friendly?
Is Gen Z Ahead of Millennials in Terms of Eco-Investing?
Four Reasons Why Buying Used Cars Is the Way to Go Green
There is no Planet B: The Growing Importance of ESG
Wonderful Environmental Monitoring Tips to Keep Indoor Air Clean
The Tremendous Benefits of Investing in Energy-Efficient Windows
4 Morning Productivity Tips for Green Entrepreneurs that Are Night Owls
- Features10 months ago
Eco-Friendly Interior Design Is Easier Than You Might Think
- Features7 months ago
Eco-Friendly Hacks To Create A Durable Shop For Your Home
- Features8 months ago
5 Simple Ways To Create A Greener And Healthier Home
- Environment11 months ago
The Benefits Of Sustainable Agriculture For Farmers