Social Finance is a not for profit consultancy organisation that partners with governments, service providers, the voluntary sector and the financial community to find better ways of tackling social problems in the UK and globally. Founded in 2007, they have helped pioneer a series of programmes to improve outcomes for individuals with complex needs. Their innovations include the Social Impact Bonds (SIB) model which has mobilised more than £500 million globally in areas such as offender rehabilitation, children and family, homelessness and housing, young people at risk of becoming NEET, mental health and employment, loneliness and social isolation, and domestic violence.[3][4]
History
Social Finance's initial team supported the work of the Commission on Unclaimed Assets, which recommended the establishment of a Social Investment Bank in March 2007 and in turn developed the blueprint for what is now named Big Society Capital.[5][6]