A Social Impact Bond (SIB) is a payment-by-results contract where social investors pay for your organisation to deliver a service – for example, helping homeless people to find a home. The Government repays the investors with interest if the service is successful.
Shaun Doran, CEO FRC Group, shares the good, bad and ugly story of their road to social investment. FRC Group used social investment to tackle furniture poverty.
David Jenkins, Managing Director Arts at The Mill CIC, talks about the role social investment played in renovating property in Wigan to be used by the community with arts and culture.
At Let's Talk Good Finance in Leicester, we heard from Yasin El Ashrafi, whose won several accolades with his social enterprise, HQ CAN (Creative Arts Network) and HQ Recording. HQ works with local disadvantaged people and helps them to experience and progress in the music industry.
At Let's Talk Good Finance in York, we heard from Sam Leach who is co-founder and director of Spark York (www.sparkyork.org), a community-led social enterprise who used social investment to regenerate a brownfield space and turn it into retail space.
At Let's Talk Good Finance in Braintree, CEO Matt King of mental health & wellbeing charity Trust Links talks about their experience of taking on social investment via a loan from Charity Bank