Tag: Social Finance6
Impact Companies Tag: Social Finance 3
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United States of America
CSI is a coworking space community and launchpad for people who are changing the world with three locations in Toronto and a location in New York City. They provide their members with the tools they need to accelerate their success and amplify their impact. Together they are building a movement of nonprofits for profits entrepreneurs artists and activists working across sectors to build a better world.
Over the past two years Social Finance with the support of the Big Lottery Fund has worked with four Local Authorities including Essex County Council (ECC) to explore the feasibility of using the Social Impact Bond mechanism to fund intensive prevention programmes for vulnerable adolescents in or at the edge of care. Essex County Council is the first local authority to award a Social Impact Bond contract.rnrnSocial Finance has been awarded a contract by Essex County Council to deliver a Social Impact Bond to provide therapeutic support and improve outcomes for adolescents at risk of going into care. Essex County Council is the first local authority to commission a Social Impact Bond in Children s Services. The Social Venture Fund invested 250000 in a combination of equity and loans together with the main Investor Bridges Social Enterpreneurs Fund LP and Big Society Capital Limited. In addition the Charities Aid Foundation King Baudouin Foundation and the Barrow Cadbury Trust are invested. The total capital requirement amounts to 3.1 million GBP. The Social Venture Fund will use its knowledge about the structure of Social Impact Bonds to assess and support comparable results oriented and evidence based models in continental Europe can.
Purpose Capital develops growth and investment strategies that matter to the world.rnrnPurpose Capital works with enterprises investors and governments to design and realize solutions that address humanity s most pressing challenges. We bridge the divide between businesses that matter to the world and investors seeking exceptional financial and social returns.