Social Ventures Australia (SVA) has launched South Australia’s first social impact bond, which will fund a program addressed at ameliorating the effects of homelessness.
The seven-year, $9 million Aspire Social Impact Bond (SIB) will fund the working capital of the Aspire Program, which is a partnership between the South Australian state government, Hutt St Centre and Common Ground Adelaide. The Aspire Program is “based on a housing first model and with a strong focus on employment, up to 600 participants will be provided stable accommodation, job readiness training, pathways to employment and life skills development,” according to SVA.
The content you are trying to access is only available to subscribers. There are several options available to you if you want to view this content, from full subscriptions to temporary passes just for this article. Click here for more information.
Latest posts by Rachel Alembakis (see all)
- APRA encourages entities to perform stress-test for climate-related risks - December 1, 2017
- ACSI publishes revised Governance Guidelines, includes new ESG themes - December 1, 2017
- Stakeholder engagement a key factor in structuring M&A: EY - December 1, 2017