Date:
25 February, 2013
Community agencies are facing funding reductions. Governments are looking to cut spending. Can social impact bonds help? If you’ve heard of social impact bonds and want to know what they are and their potential application to fund innovative community services, this webinar is for you.
BACKGROUND
Social Impact Bonds (SiBs) have been attracting significant attention as an alternative way of financing innovative programs that can solve complex social issues and reduce government costs. Focused on outcomes, SiBs bring together private investors, service delivery organizations and an intermediary to shift the risk away from government, which pays only for successful outcomes.
SiB pilots are underway in the UK, the US, have been announced in Australia and several US states and are being explored by our federal government. This session explains what social impact bonds are, in what circumstances they could be used, and considers the limits and concerns about their potential application.
PRESENTERS
Margie MendellConcordia University
Dr. Mendell is Professor and Vice-Principal of the School of Community and Public Affairs at Concordia University. Her current areas of research and teaching include the social economy, alternative investment strategies, comparative community economic development, and economic democracy.
Christian NovakFMA – Frontier Markets Advisors
Christian has over 20 years of experience in the financial sector, including more than 10 years of experience in impact investments and sustainable development projects. He has authored several papers and has been an active speaker on impact investing.
Additional Resources:
- Frequently Asked Questions and Additional Resources from socialfinance.ca.
- Social Impact Bonds: Benefits and Promises by Imran Sulemankhil and Christian Novak.
- Social Impact Bonds / Pay for Success Bonds: Overview and Criticisms by Margie Mendell and Emilien Gruet.
- Paying for Outcomes: Solving complex societal issues through Social Impact Bonds by Deloitte Canada.
- Social Impact Bonds by John Loxley
- Social Impact Bonds. What? CCEDNet’s page of additional resources on social impact bonds.
- CBC Radio program The Current on social impact bonds, with HRSD Minister Diane Finley, Toby Eccles from Social Finance UK, and David MacDonald from the Canadian Centre for Policy Alternatives.
Host:
The Canadian CED Network
Webinar --
Canada