The UK government alone thinks the British SIB market can be a billion Pounds. Exciting times, have a great weekend!
‘Social Impact Bond Market Could Be Worth £1bn’, Says Minister
Kirsty Weakley – Civil Society
The minister for civil society wants the social impact bond market to be worth £1bn by the end of this Parliament, Rob Wilson has said.
In an interview with Civil Society News, Wilson defended the government’s decision to focus resources on social investment, despite criticism from the sector.
He said: “We have to make decisions about what we want as a government to prioritise. We need to make sure that charities are not reliant on one source of funding.
Wilson said that SIBs could “revolutionise” the way the sector is funded.
“Social investment is one of the most important things that this government can do and try and achieve – social impact bonds are part of that,” he said.
By the end of this Parliament he wants to create a market for social impact bonds worth at “at least £1bn”.