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: A Technical Guide to Developing a Social Impact Bond: Vulnerable Children and Young People |
I'd like to jointly create this type of social venture in my home town: | |||||||
You can create a Social Venture in your home town based on the business model in this page. The Social Entrepreneur Institute will assist you to make a business plan, funding the project and provide a More information on the Social Entrepreneurship Institute |
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Company/Organization: | A Technical Guide to Developing a Social Impact Bond: Vulnerable Children and Young People | ||||||
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Please write about your business concept in five paragraphs with sub-title for each | |||||||
Answer: Briefly describe the usefulness and uniqueness of your social venture | This guide aims to set out the steps that are required to assess the feasibility of a Social Impact Bond (SIB) idea. It starts with the identification of a social issue where a SIB might be applicable and examines each factor that must be considered if a SIB is to be effective. The guide is written to assist those developing SIBs to reach a stage where it would be possible to establish a contract between a public sector commissioner and investors. This guide is one in a series of technical guides. Each document focuses on how a SIB can be developed to address the root causes of a specific social issue. | ||||||
1: | Social Impact Bond Objectivese: | ||||||
1: Issues to be addressed by this social venture (or case) | Social Finance has created SIBs - an outcomesbased
funding mechanism . to provide new
investment to improve social outcomes. SIBs fund
preventative and early intervention programmes
which tackle the underlying causes of specific
social problems. Incentives are aligned across public sector commissioners, external investors and service providers, all of whom are acting to achieve improved social outcomes as defined in a contract. | ||||||
2: | SIBs and Childrenfs Services | ||||||
2: What is the unique idea to solve the issues? | Childrenfs Services departments across the country
address a range of needs when working to improve
the lives of children in their areas. These range from
providing Childrenfs Centre services for the early
years to accommodating vulnerable children where
there are fears for their safety. Many of the activities carried out by Childrenfs Services are statutory . required by law to be provided by the State. Others are more of a preventative nature . trying to address underlying needs before they escalate into crisis.V? |
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3: | SIBs can improve the efficiency of preventive services | ||||||
3: Revenue Model & Organization | Social Finance is developing a working hypothesis
of how a SIB might fund more preventative services
related to the activities of Childrenfs Services, with
the objective of improving the wellbeing and
prospects of vulnerable children and young people. Over time, if such interventions succeed, they should enable a shift in expenditure away from acute spending towards expenditure on early intervention services . reinforcing cycles of positive spending and outcomes. There will undoubtedly be a range of areas in which a SIB could help to improve social outcomes of children and young people. In this guide we use our SIB working hypothesis as one example to demonstrate how to assess the feasibility of such projects.u |
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4: | SIB can be designed and implemented according to the following 5 steps: | ||||||
4: Targeted Benefit & Outcome | 1. Feasibility Assessment Process 2. Defining the social issue 3. Development of the social intervention strategy 4. Building the business case 5. Developing the financial model For each step, please see next case studies. |
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5: Strengths and Risks of the business model | |||||||
The Project Owner: Explain your experience and skills within 150 words. | |||||||
Business_Partners: Describe what types of business partners are you seeking | |||||||
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Business Partners can jointly develop a business plan | |||||||
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