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Harnessing the market for good

Social investment bonds could hold the key to takling entrenched social problems–but they carry risks

By Abigail Rotheroe  

SIBs could help solve deeply ingrained social problems and public initiatives (C Steve Allen)

The financial and economic slowdown has pushed governments into looking for innovative ways to ease the burden on their strained coffers. One innovation has been social finance, where investors participate in projects that would normally be financed by government. The aim was to harness the power of the marketplace for the benefit social spending.

Recent developments, such as the creation of Big Society Capital, a social investment bank has…

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