In NSW Amity Durham NSW Department of Premier & Cabinet 3 November 2015 | NSW Innovation & Health Symposium.

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Presentation transcript:

in NSW Amity Durham NSW Department of Premier & Cabinet 3 November 2015 | NSW Innovation & Health Symposium

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 impact

WHY SOCIAL IMPACT INVESTMENT? Prevention Shifting spend away from high cost acute services to prevention Outcomes Measuring and paying on outcomes Partnerships Sharing the risks and benefits across government and non- government sectors Innovation Setting incentives and removing input controls on services

HOW IT WORKS Control Intervention ControlIntervention 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 mths End of Term KPI measure

WHAT IS NSW GOVERNMENT DOING? UnitingCare Burnside Social Benefit Bonds

 Office of Social Impact Investment CONTACT US

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