60+ SIBs launched across 15 countries – more than US$200 million raised
Interest in our work has spread to many countries as we pioneer Social Impact Bonds and other impact investment applications in a range of social areas. To meet this demand, and encourage the sharing of knowledge and experience, we have established a network of Social Finance organisations with Social Finance US and Social Finance Israel. Alongside this, we are working in collaboration with a range of impact investment intermediaries in different countries to support the development of locally based programmes.
For more information about any of our work in developed countries, please contact Jane Newman.
Some of our international work
We work in close collaboration with MaRS Centre for Impact Investing in Toronto and other organisations to support the development of SIBs and other impact investment initiatives in Canada. We support projects in a range of social issue areas including homelessness and mental health, and early childhood development.
We participated as a member of the Advisory Group considering the potential for SIBs, and were appointed by the Department of Treasury and Public Reform to provide analytical advice on particular concepts. We have support projects in social issue such as homelessness and youth justice.
We are working with the Inter-American Development Bank, under its SIB Facility announced in March 2014, to explore and support the development of SIBs in Latin America. The initial country focus is Chile, Mexico and Brazil. We are looking at the potential for SIBs to tackle issues in areas such as health, education, inequality and criminal justice, as well helping build capacity among local intermediaries and delivery partners to develop and execute SIB transactions.
We are supporting the work of the Social Investment Lab in Portugal, launched in February 2014. This is an initiative of the Portuguese Social Entrepreneurship Institute and funded by the Calouste Gulbenkian Foundation.
Social Finance Israel
Social Finance Israel was founded in 2013, and is a sister organisation to Social Finance UK and Social Finance US. These three organisations work closely together, but are independently funded and managed. For more information on Social Finance Israel, please visit their website.
Social Finance US
Social Finance US was founded in January 2011, and is a sister organisation to Social Finance UK and Social Finance Israel. These three organisations work closely together, but are independently funded and managed. Social Finance US intermediated the US’s first state-led SIB in New York, announced in December 2013, when $13.5 million was raised to expand comprehensive reentry employment services to 2,000 formerly incarcerated individuals.
For more information on Social Finance US, please visit their website.
We are working in collaboration with local organisations in South Africa to support SIB development in that market across a range of social and development issues. In April 2014 we published a report, jointly with The Bertha Centre for Social Innovation and Genesis Analytics, which explored the potential for SIBs to support SME development.