Our first experience with social impact bonds was being part of the team to design the Benevolent Society bond in NSW in 2012. Since then, we have designed a number of payment by outcomes and social impact bonds for potential providers including the following:
- a bond to improve health, education and enterprise outcomes in remote indigenous communities
- a bond to reduce reoffending rates amongst women in Queensland
- a bond to reduce homelessness in young people exiting care in Victoria
- a bond to reduce the number of hospital transfers of residents of aged care facilities
- a bond to improve outcomes for aged care residents
- a payment by outcomes contract to prevent families breaking apart and the children going into out of home care
- a payment by outcomes contract to improve early childhood education
- a payment by outcomes contract to reduce homelessness for young people
- a payment by outcomes contract to improve employment outcomes for people experiencing long term unemployment
We have also designed a development impact bond to improve outcomes for subsistence farmers in Papua New Guinea, in partnership with DFAT.
In late 2017, we launched the latest social benefit bond in Queensland with our clients Churches of Christ in Queensland, focusing on increasing the resilience of young people exiting statutory care to reduce their risk of homelessness. This program will run until 2024, paying coupons to investors along the way.