Australia’s first social impact bonds were launched in New South Wales in 2013, making them some of the earliest SIBs in the world. Three years on, Jill Carman from Aleron takes a look back at lessons from Australia and comparisons to the UK market.
This week marks the second anniversary of the creation of Social Investment Tax Relief. Perhaps not an anniversary I ever saw myself marking in my diary. I have surprised myself at how captivating I have found this tax relief to be.
What are the key components needed for a social investment intermediary to be financially sustainable and effectively deliver products, support and/or services that benefit charities and social enterprises?
What is the gritty reality of social investment? If I were being cruel I would start by misquoting a saying most frequently credited to the ancient Chinese philosopher Confucius “Life is really simple, but lawyers insist on making it complicated. “