The ability of the British charity sector to always see the glass empty (at best!) full demonstrates their own obsolescence once again while North Somerset and Africa aim for progress instead…good for them.
Investment In Social Impact Bonds ‘Will Have Little Effect On The Voluntary Sector’, Survey Shows
Rebecca Cooney – Third Sector
Research to be published next month shows 86% of charity respondents said the extra £80m announced in the Spending Review will have limited or no effect.
More than eight out of 10 charities believe additional government investment in social impact bonds will have no or limited impact on the charity sector, research due to be published next month will show.
Advance figures from a survey of 350 charities conducted by the Charity Finance Group, the Institute of Fundraising and the professional services firm PwC, show only 10% of respondents thought the investment would have a positive or very positive impact, while 45% thought it would have a limited impact and 41% believed it would have none.
Becky Parker – thewestonmercury
North Somerset Council will be providing family therapy and support to 240 vulnerable young people, aged between 10 and 17, to try to prevent them from being taken into care.
The intensive support will be for young people and families experiencing acute stress and on the edge of care, and to help young people who are in care due to family breakdown to return home safely and quickly.
It will be funding this service by using the newly-developed Social Impact Bond (SIB) scheme.
Following a successful application to the Big Lottery Fund, the council has been offered £293,250 for a four-year SIB.
Africa Can’t Afford ART for its HIV Patients
hcplive
The nine sub-Saharan African countries, which account for 75 percent of the continent’s HIV burden, are unlikely to be able to afford the future cost of needed treatment, a new study by Harvard researchers said. They estimate billions of dollars in funding shortfall by 2050, if innovative financing can’t be found. “The HIV epidemic is far from over,” said Rifat Atun MD, the study’s lead author and a professor of global health systems at the Harvard T.H. Chan School of Public Health. “The magnitude of funding needed to sustain the HIV fight is very large and the consequences of complacency larger.”
Atun and his colleagues also recommended several other potential sources of increased funding ranging from debt guarantees by the World Bank and the Global Fund to social impact bonds to continued support from organizations such as the International Finance Facility for Immunization.