At some point in 2015 I started thinking that if I didn’t get to grips with understanding social finance I’d probably be a bit of a dinosaur. In a world where money for preventive services is only likely to continue shrinking, any new avenues were worth knowing more about.
Last week saw the relaunch of Key Fund – a social investment intermediary originally based in Yorkshire – offering loans and grant/loan packages to help community and social enterprises start-up, grow and/or become more sustainable.
The Commissioning Better Outcomes Fund evaluation is following 10 SIBs part-funded by the fund over their lifetime. One of them is the Worcestershire Reconnections SIB and the first report about the SIB was launched last week.
Core Assets is a fostering and children’s services group based in Bromsgrove. As it reaches the milestone of young people in care now ‘graduating’ from the Social Impact Bond contract it delivers for Birmingham City Council, co-founder Jan Rees OBE reflects on the necessity to continually challenge the system to change vulnerable young people’s lives for the better.