Toby Eccles: Invest in social change

The video discusses social impact bonds as a new business model for social change, focusing on reducing re-offending rates among prisoners. It explains how these bonds work by involving socially motivated investors who fund services aimed at improving social outcomes. If successful, the government saves money and pays the investors a return. The video highlights the first social impact bond with Peterborough Prison and other initiatives, emphasizing the benefits of innovation, rigor, flexibility, and partnership in addressing social issues. The global interest in this model is also discussed.

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