{"id":1761,"date":"2010-09-11T11:49:31","date_gmt":"2010-09-11T11:49:31","guid":{"rendered":"http:\/\/ihbconline.co.uk\/newsachive\/?p=1761"},"modified":"2010-09-11T11:49:31","modified_gmt":"2010-09-11T11:49:31","slug":"big-invests-in-social-impact-bonds","status":"publish","type":"post","link":"https:\/\/newsblogs.ihbc.org.uk\/?p=1761","title":{"rendered":"BIG invests in social impact bonds"},"content":{"rendered":"<p><span><strong><\/strong><span style=\"text-decoration: underline;\">The Big Lottery Fund has announced an \u00a311.25m investment in social impact bonds.<br \/>\n<\/span><br \/>\nThe multi-million pound investment marks the first time the grantmaker  has ventured into the burgeoning field of social investment, a field in  which the coalition government has showed repeated and early interest.  \u00a0Prison reoffending will be the first area to be funded via BIG\u2019s social  impact bonds, with the pilot at Peterborough Prison due to receive  \u00a36.25m. The remaining \u00a35m will be used to increase awareness of social  investment and to develop other social impact pilots.<\/p>\n<p>Social Finance has been selected to distribute and manage the funding programme.<\/p>\n<p>Peter Wanless, chief executive of the Big Lottery Fund, said: \u201cAt a time  of tight public finances, social impact bonds represent a new and  innovative way of attracting investment from outside the public sector  and by funding Social Finance\u2019s work we are hoping to pave the way for  many more similar projects across the UK.\u201d<\/p>\n<p>The announcement of the investment comes as the future of BIG and other  lottery funders is under review in a government consultation about how  they should fund going forward.<\/p>\n<p>Civil Society News: <a href=\"http:\/\/www.civilsociety.co.uk\/fundraising\/news\/content\/7222\/big_lottery_fund_invests_in_social_impact_bonds\" target=\"_blank\">LINK<\/a><a rel=\"nofollow\" href=\"http:\/\/www.civilsociety.co.uk\/fundraising\/news\/content\/7222\/big_lottery_fund_invests_in_social_impact_bonds\" target=\"_blank\"><br \/>\n<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Big Lottery Fund has announced an \u00a311.25m investment in social impact bonds. The multi-million pound investment marks the first time the grantmaker has ventured into the burgeoning field of social investment, a field in which the coalition government has &hellip; <a href=\"https:\/\/newsblogs.ihbc.org.uk\/?p=1761\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-1761","post","type-post","status-publish","format-standard","hentry","category-sector-newsblog"],"_links":{"self":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/1761","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1761"}],"version-history":[{"count":1,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/1761\/revisions"}],"predecessor-version":[{"id":1762,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=\/wp\/v2\/posts\/1761\/revisions\/1762"}],"wp:attachment":[{"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsblogs.ihbc.org.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}