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Social Impact Investing
- 1. www.advisian.com November 2017 Social Impact Investing Nadia Jaworski, Executive Consultant
- 2. Australian social impact investment market $32 bn in a decade =
- 3. What is Social Impact Investment?
- 4. • Generate social impact alongside financial return • Investments can be made into companies, organisations or funds, whether they be not-for-profit or for-profit • Can finance social services and social infrastructure Creating shared value
- 5. Why is it important?
- 6. • A shift in focus to service provision and outcomes • Combines innovation and partnership • Government recognises that external/private investment can be supportive • By harnessing the innovation and capital of the all sectors better outcomes can be delivered Symbolises a change
- 8. Benefits include Value for money Contestability Transfer of risks Cross portfolio approach
- 9. Who are the players?
- 10. Three main stakeholder groups Supply chain: who provides finance and can range from financial institutions, super funds or trusts Intermediaries: to develop the common ground, instruments to deliver outcomes and education and training to cross boundaries Demand suppliers: such as such as non-profits and social enterprises, seeking capital to deliver a service or program
- 11. What sub-sector portfolios does it work best in?
- 12. • Housing - development of affordable housing with the majority of clients sustaining their tenancies • Health - greater provision of home and/or community care reducing hospital entries • Employment, education and training - at-risk clients obtaining or progressing training and qualifications; successfully completing work placements • Early education - quality early learning/childcare services delivered to disadvantaged families Positive results seen across
- 13. How do we get there?
- 14. The path Provide an environment to deliver more social impact investment transactions Grow the market and understanding opportunities and remove barriers Build capacity of market participants
- 15. Types of social impact investing?
- 16. Main forms • Social impact bonds • Social enterprise • Social impact investment funds
- 17. DISCLAIMER This presentation has been prepared by a representative of Advisian. The presentation contains the professional and personal opinions of the presenter, which are given in good faith. As such, opinions presented herein may not always necessarily reflect the position of Advisian as a whole, its officers or executive. Any forward-looking statements included in this presentation will involve subjective judgment and analysis and are subject to uncertainties, risks and contingencies—many of which are outside the control of, and may be unknown to, Advisian. Advisian and all associated entities and representatives make no representation or warranty as to the accuracy, reliability or completeness of information in this document and do not take responsibility for updating any information or correcting any error or omission that may become apparent after this document has been issued. To the extent permitted by law, Advisian and its officers, employees, related bodies and agents disclaim all liability—direct, indirect or consequential (and whether or not arising out of the negligence, default or lack of care of Advisian and/or any of its agents)—for any loss or damage suffered by a recipient or other persons arising out of, or in connection with, any use or reliance on this presentation or information.
Notes de l'éditeur
- Social impact investment seeks to generate social impact alongside financial return. ... Investments can be made into companies, organisations or funds, whether they be not-for-profit or for-profit. Social impact investments can also be used to finance social services and social infrastructure. (1) Impact-Australia, 2013 It is an emerging approach to tackle social challenges that brings together capital and expertise from across the public, private and not-for-profit sectors To some extent PPPs have been operating like this for many years and these mechanisms and performance regimes are now being considered for application for funding and delivery of social infrastructure and service provision. Types: outcomes-focused grants and payment-by-results mechanisms including social impact bonds
- It symbolises a change in government commissioning approaches-There is a shift in focus on service provision and outcomes rather than the traditional grant funding-set and forget What makes social impact investment attractive is that it combines innovation and partnership to deliver agreed outcomes. Government recognises that it can’t fund and design this alone. By harnessing the innovation and capital of the all sectors better outcomes can be delivered for the most vulnerable people in our community.
- What are the Benefits Benefits include value for money, contestability and transfer of risks, cross portfolio approach (2) NSW Gov, Social Impact investment Policy, February 2015 • For example, Social Impact bonds, early results indicate that many of these are meeting or exceeding their performance targets and are therefore on track to achieve their longer term outcomes including cost savings to government . (However, evidence of realised financial benefits for government is somewhat limited given short term lifespan of projects to date)
- Who are the players? There are three main cohorts of stakeholders: Supply chain who provides finance and can range from financial institutions, super funds or trusts The intermediaries to develop the common ground, instruments to deliver outcomes and education and training to cross boundaries (service lines xxxxx to be further fleshed out in notes-structuring transaction, finance, performance regimes) Demand suppliers such as such as non-profits and social enterprises, seeking capital to deliver a service or program
- What sub-sector portfolios does it work best in? Fund investments achieved positive short term results across the majority of key areas, including. Housing3(development of affordable housing with the majority of clients sustaining their tenancies) 3) Australian Government, 2016, Department of Social Services for the Prime Minister’s Community Business Partnership Health4 (greater provision of home and/or community care reducing hospital entries) 4)STREAT The Cromwell Manor development, STREAT, 2015 Employment, education and training5 (at-risk clients obtaining or progressing training and qualifications, and/or successfully completing work placements) 5)SVA Social Impact Fund report, Social Ventures Australia, 31 December 2015 Early education6 (quality early learning/childcare services delivered to disadvantaged families, sometimes in conjunction with evidence based parenting skills programs) 6-6)Beacon Foundation National Outcomes Report, Beacon Foundation, 2014