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Video: Social Impact Bonds – Cutting a Long Story Short
This last week, the New York Times published a feature on social impact bonds by Pulitzer Prize-winning author Tina Rosenberg in the Fixes blog. Social Finance UK, who have helped propagate the approach around the world and developed the first pilot, hosted a conference this week in Bristol, where ‘over 300 delegates explored what social investment could do for their communities’. And on SocialFinance.ca, just yesterday, Becky Slater published an excellent post looking at the concept of pay-for-success financing that underlies the social impact bond model.
Often, however, there is still a great deal of confusion about what social impact bonds are. One could view many videos of the concept being explained, or flip through the Frequently Asked Questions that we’ve compiled. Or you could also check out this great little video produced by McKinsey & Company (thanks to Joyce for sharing this).
How can we help scale proven social interventions that produce positive outcomes? How can you play a role?