Social Finance

In the UK, Big Society Capital, a £600 million fund was created in 2012 with dormant cash in banks to help fund new societal problem solvers. It funds social enterprises. The Government compensates for improvement in services.

  • Ronald Cohen, Chairman
  • United Kingdom Cabinet Office Social Investment and Finance Team – Centre for Social Impact Bonds

 

In the USA , the White House Office of Social Innovation and Civic Participation (SICP) was created. Further initiatives include:

  • Presidential Innovation Fellowship on key public policy issues in six-month sprints
  • White House Council for Community Solutions
  • Social Innovation Fund by the Corporation for National and Community Service
  • www.serve.gov
  • USAID Development Innovation Ventures (DIV)
  • Global Development Innovation Lab
  • Pay for Success (PFS)
  • SBA
  • SBIC Fund by SBA
  • Program Related Investments (PRIs)
  • Freshworks Fund
  • Accelerating Market Partnerships Program
  • White House Forum on Impact Economy executed in partnership with the Aspen Institute
  • Boston : Office of New Urban Mechanics
  • New York City : Mayor Bloomberg’s Center for Economic Opportunity
  • Philadelphia : Philadelphia Mayor Office of New Urban Mechanics
  • Illinois : Illinois Task Force on Social Innovation, Entrepreneurship, and Enterprise

 
In Canada , British Colombia – Ministry of Social Development and Social Innovation
 
In Australia , Government of West Australia – Social Innovation Grants Program
 

%d bloggers like this: