Social Impact Bonds

Social Impact Bonds & Social Value

영국의 Young 재단과 소셜 파이낸스에 의해 개발되고 있는 "사회영향채권"은 사회적으로 유용하고 바람직한 결과를 내기 위해 고안된 새로운 금융 분야라고 할 수 있다. 다양한 사회적 과제(실업, 범죄 등)를 해결하는 프로젝트에 자금을 투입함으로써 정부의 공공비용 지출을 민간이 나누는 동시에 사회적 문제점의 해소 및 개선을 목표로 한다.

*Overview*

Social Impact Bonds are a financial tool being developed in the UK (by the Young Foundation and Social Finance) to provide a new way to invest money in social outcomes. Their key innovation is to link three elements:

• investments (by commercial investors or foundations);

• a programme of actions to improve the prospects of a group (for example 14-16 year olds in a particular area at risk of crime or unemployment); and

• commitments by national government to make payments linked to outcomes achieved in improving the lives of the group (for example, lower numbers in prison, and lower benefits payments).

Various versions of social impact bonds have been developed in the past by a number of people associated with the Young Foundation. More recently work has been done as part of the Innovation, Justice and Youth programme, building on concepts associated with ‘justice reinvestment'. The concept is now being developed in collaboration with national and local government as well as foundations and we hope that a version of the model will be piloted shortly.