NSW Department of Premier amp Cabinet 3 November 2015 NSW Innovation amp Health Symposium What is social impact investment Investments made into organisations and funds with the ID: 462716
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Slide1
Amity Durham
NSW Department of Premier
&
Cabinet
3 November 2015 | NSW Innovation
&
Health SymposiumSlide2
What is social impact investment?
Investments made into organisations and funds with the
intent to generate social impact and financial return.
BETTER COMMUNITY OUTCOMES
GOVERNMENTS
Direct funding to services that work
INVESTORS
‘Doing good’ and ‘doing well’
NOT-FOR-PROFITS
Access to capital to scale impactSlide3
WHY SOCIAL IMPACT INVESTMENT?
Prevention
Shifting spend away from high cost acute services to
prevention
OutcomesMeasuring and paying on outcomes
Partnerships
Sharing the risks and benefits across government and non-government
sectors
Innovation
Setting incentives and removing input controls on servicesSlide4
HOW
IT WORKS
Control
Intervention
Control
Intervention
Positive change
Statistically reliable measure
Treatment group needs to be large enough to be statistically reliable.
Performance payments
linked to
measurement
of
control
and
intervention groups.
12
mth
KPI measure
24
mth
KPI measure
50-75
mths
End of Term
KPI measureSlide5
WHAT IS NSW GOVERNMENT DOING?
UnitingCare
Burnside
Social Benefit BondsSlide6
+61 2 9228 5333
socialimpactinvestment@dpc.nsw.gov.au
dpc.nsw.gov.au/sii@NSWOSII
(
*
Office of Social Impact InvestmentContact us