Actiris IOD Social Impact Bond

INSTRUMENTSocial Impact Bond
REGIONBelgium (Brussels)
DURATION3 years (from 2017)
FUNDINGUp to EUR 2.5M
INVESTOR RETURNUp to 7.5% IRR
FOCUS AREALong term unemployment

THE SOLUTION

We launched a Social Impact Bond for the Brussels employment office to support the return of long term unemployed people to work. It scaled the IOD method, which proactively engages small and medium employers to create openings and tackles specific barriers such as discriminatory recruitment and the rise of short and part time contracts. Investors financed delivery upfront and were repaid against a verified re employment result.

HEADLINE RESULT

750 people supported and 510 job contracts of 90 or more days signed by the end of the bond.

IMPACT FOCUS

  • 750 beneficiaries reached by the end of the bond
  • 510 job contracts signed for at least 90 working days
  • Expected re employment rate of around 68 percent, against 14 percent without the programme
  • Investor return of up to 7.5 percent IRR

BRAND AFFILIATION

Structured by Human Planet, formerly KOIS Advisory.

STAKEHOLDERS

  • Actiris, the Brussels employment agency (outcome funder)
  • Private investors, high net worth individuals and a foundation

Access this Resource

Provide your details to download the webinar resources: