PLY: Improving road safety with the world automotive body the FIA alongside news of separate Anglo-Japanese cooperation in the field…
OPM Continues SIBs Knowledge Sharing Relationship With Japanese Universities
Lawrence Finkle – OPM
Earlier this month we were delighted to welcome an SIB research delegation led by Meiji University back to OPM.
The visit is the latest development in the partnership supporting a 5 year empirical study funded by the Japanese Government into how social impact investments, especially SIBs, affect governments, social service providers, service users, and the standard of social services in the UK – further evidence of the interest internationally in the progression of the UK social impact bonds market since the world’s first was implemented in Peterborough Prison 5 years ago.
The delegation first visited OPM last November to hear about our experiences evaluating the Essex County Council SIB and ‘Peninsula LIST’ project, and continuing the relationship in April OPM’s Director of Business Development Dr Chih Hoong Sin spoke at the 2015 Social Investing and Corporate Social Responsibility (CSR) Forum, held at Meiji University in Tokyo – presenting his observations of the nature of the ‘first wave’ of UK SIBs and the lessons to be learned from the world’s most developed market.
Social Impact Workshop Aims To ‘Break The Deadlock’ On Road Safety
FIA Foundation
An international meeting on social impact investing for road safety has been held in London, with participation from leading social investment policymakers and development banks.
The workshop, organised by the FIA Foundation with Social Finance and Impact Strategist, two leaders in policy development in the burgeoning ‘payment for success’ Social Impact Bond (SIB) market, considered whether social impact investing could herald a new era of safer road investment by making transparent the links between road safety measures and public health outcomes. The seminar built on a report, ‘Breaking the Deadlock: A Social Impact Investment Lens on Reducing Costs of Road Trauma and Unlocking Capital for Road Safety’, published in July as part of the FIA Foundation ‘Financing for Development’ series, which argues that private sector financing through a road safety Social Impact Bond framework could bring new funding sources and new rigour to transport investment within countries. The funding for the Social Impact Bonds is provided at risk by social investors whose financial return is aligned to the positive social impact of meeting pre-agreed social outcomes.