Social Change and Social Impact Bonds

The video discusses a new business model for social change through social impact bonds. These bonds allow governments to pay only if social programs succeed, attracting socially motivated investors. The first bond was implemented at Peterborough Prison, aiming to reduce re-offending rates. The model is gaining global interest, with applications in various social issues like children in care and homelessness. The approach emphasizes innovation, rigor, flexibility, and partnership, offering a way for people to invest in social change while ensuring measurable outcomes.

What percentage of men in Britain re-offend within a year after short prison sentences?

• 70%

• 80%

• 63%

• 50%

What is the main idea behind a social impact bond?

• Government pays upfront for social programs

• Investors fund social programs and are paid based on success

• Social programs are funded by charities

• Government funds programs regardless of outcomes

What was the target reduction in re-offending for the Peterborough Prison project?

• 15%

• 20%

• 10%

• 5%

What is the annualized return for investors if the Peterborough project exceeds a 10% reduction in re-offending?

• 5%

• 10%

• 7.5%

• 13%

What is a significant benefit for offenders involved in social impact bond programs?

• Guaranteed job placement

• Immediate release from prison

• Support with housing and employment

• Financial compensation

Which area was NOT mentioned as a focus for social impact bonds?

• Healthcare

• Youth employment

• Homelessness

• Children in care

How much did David Cameron allocate to support social impact bonds?

• 40 million pounds

• 10 million pounds

• 20 million pounds

• 30 million pounds

What percentage of children in state care achieve five GCSEs at 16?

• 25%

• 58%

• 13%

• 40%

What is one of the key elements of social impact bonds that allows for program adaptation?

• Flexibility

• Innovation

• Rigor

• Partnership

Which sector is NOT mentioned as part of the collaboration needed for social change?

• Agricultural sector

• Public sector

• Private sector

• Social sector