South Australia’s first social impact bond was formally launched to investors in Adelaide just recently. Briefings for investors in Melbourne and Sydney will take place shortly.
This is the first social impact bond in Australia that specifically targets homelessness, with a new intensive client-centred intervention – known as the Aspire program – to be delivered by a coalition of specialist homeless service providers, led by the Hutt Street Centre and Common Ground Adelaide. The program will target 600 homeless people in metropolitan Adelaide, with clients receiving assistance for up to three years.
Potential investors are welcome to contact Social Ventures Australia for more information. The information memorandum and related documents can be downloaded from the SVA website.