in nsw amity durham nsw department of premier & cabinet 3 november 2015 | nsw innovation &...

in NSW

Amity DurhamNSW Department of Premier & Cabinet3 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

GOVERNMENTSDirect funding to

services that work

INVESTORS‘Doing good’ and

‘doing well’

NOT-FOR-PROFITSAccess to capital to scale

impact

WHY SOCIAL IMPACT INVESTMENT?

PreventionShifting spend away from high cost acute services to prevention

OutcomesMeasuring and paying on outcomes

PartnershipsSharing the risks and benefits across government and non-government sectors

InnovationSetting incentives and removing input controls on services

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 TermKPI measure

WHAT IS NSW GOVERNMENT DOING?

UnitingCare Burnside

Social Benefit Bonds

+61 2 9228 5333

socialimpactinvestment@dpc.nsw.gov.au

dpc.nsw.gov.au/sii

@NSWOSII

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Office of Social Impact Investment

CONTACT US