Social Finance Round Up: Four New Social Impact Bonds Planned in UK

SocialFinance.ca produces a weekly round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the week of August 29, 2011.

Last Week on SocialFinance.ca

Allyson Hewitt posted Jack Layton: A true change maker on August 23, 2011

Jocelyn Ling posted An Interview with Antony Bugg-Levine: Embracing Impact Investing (Part 1) on August 24, 2011

Jocelyn Ling posted An Interview with Antony Bugg-Levine: Embracing Impact Investing (Part 2) on August 25, 2011

Jocelyn Ling posted An Interview with Antony Bugg-Levine: Embracing Impact Investing (Part 3) on August 26, 2011

Canadian and International News

Nick Hurd, Minister for Civil Society in UK, has announced plans for four new social impact bonds, worth upto £40m.

The commissioning of social enterprises has been hit hard by cuts in public sector expenditures, reports Allison Ogden-Newton.

RoI-based social investment organisation Clann Credo is seeking suggestions for potential social impact bond applications in Ireland. Any feedback or thoughts should be emailed to paul@clanncredo.ie by 9th September using the questionnaire (and background info) on their website.

The Inter-American Development Bank Group (IDB) through its Multilateral Investment Fund (MIF) approved a loan and technical assistance of $4.9 million to Root Capital, for a project aimed at providing an innovative financing scheme for small grassroots businesses such as organic coffee, cocoa, sugar and other high value crops cooperatives.

Learnings

How do you determine allocations for your HIP portfolio? Learn how to be sustainable across all assets in your porfolio by Paul Herman.

Shreedhar Kanetkar presents an overview of impact investing with an emphasis on social impact bonds.

Rahim Kanani interviews Kevin Jones about SOCAP and his thoughts about the future of impact investing.

Seth Godin offers a powerful argument against short-term capitalism, describing its negative effects.

Natasha Oakshett, of Withers LLP, explains the tax reliefs and incentives available to social investors in the United Kingdom.

Collaborative capitalism: a partnership model involving a multinational corporation, an impact investor, smallholder producers, and a BoP strategy organization.

Sasha Dichter asserts that we aren’t running out of money for worthy causes, we just need “a different mechanism that will outlast an individual philanthropic funding system.” Here he’s interviewed by Lydia Dishman in Fast Company.

The myths and realities of impact investing – Josh Weinstein explains why the narrative of massive profits while simultaneously serving the poor creates dangerous expectations.

In Scotland, social impact bonds are garnering interest as the necessity of a new approach to tackling social problems becomes increasingly clear. Duncan Hamilton explains.

Then, far away in Singapore, value-based investing-aligning investments with personal values-is swiftly gaining popularity, reports Rachel Kelly.

Irene Kao says that impact investing is legit, not a crock – and investing in impact measurement is really just the cost of doing good business.

Upcoming Events

SOCAP 11: At the Intersection of Money and Meaning
September 6-9, 2011, Ft. Mason Centre, San Francisco

Workshop: Call for Participation:”Socially Responsible Investment and Canadian Extractive Industries”
September 10-11, 2011, University of British Columbia (UBC)

Impact Investing Summit
September 20-21, Washington D.C.

A Discussion with Jeffrey Liebman: Will Social Impact Bonds Leverage Proven Innovations?
September 23, One Canal Park, 3rd Floor, Harvard Kennedy School of Government, Cambridge, MA.

2011 Social Enterprise Conference at Columbia University
October 7, 2920 Broadway, Uris Hall, New York

ClearlySo Social Business Conference 2011
October 11, LSO St. Luke’s, 161 Old Street, London

Slow Money – 3rd National Gathering
October 12-14, 2011, San Francisco

International Forum on the Social and Solidarity Economy (FIESS) (Program)
October 17-20, 2011, Palais des congres, Montreal

2011 European Venture Philanthropy Association Conference: Venture Philanthropy as a Catalyst for Societal Change
November 16-17, 2011, Turin, Italy

Did we miss any news, insights, or events? Use the comment form below to add to this round up. Photo credit: http://www.flickr.com/photos/benimoto/603815615/

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