Social Impact Investment – Building the Evidence Base
Social impact investment (SII) — the provision of finance to organisations addressing social needs with the explicit expectation of a measurable social, as well as financial, return — has become increasingly relevant in today’s economic setting as social challenges have mounted with public funds in many countries under pressure. New approaches are needed for addressing social and economic challenges, including new models of public and private partnership which can fund, deliver and scale innovative solutions from the ground up.
Awareness of the potential opportunities of SII has grown considerably across several OECD and non-OECD countries including in the G8 and G20. In the context of the UK’s G8 presidency, the UK Prime Minister hosted a G8 Social Impact Investment Forum in London in June 2013 and launched the Social Impact Investment Taskforce, which produced a series of reports in September 2014.As one of the outcomes of Forum, the OECD was asked to produce a report on the SII market.