» » Our pioneering project has cut reoffending and paid a 3% dividend | Rob Owen

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Using social impact bonds, investors can now bet on the success of a public service like ours and get a good return

  • Rob Owen is chief executive of St Giles Trust

At the end of July my organisation, the St Giles Trust, celebrated the success of the world’s first ever Social Impact Bond (Sib), when we announced that our work with 2,000 offenders had yielded a dividend of 3% for investors.

Public services aren’t usually measured this way, but Sibs are a private capital investment model where investors bet on the success of a public service rather than buying shares in a private company. Their money finances a “payment by results” public service commissioned by the government. If the service provider meets its targets the bond’s investors get a dividend.

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from Voluntary Sector Network | The Guardian http://ift.tt/2fqRIm6
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