BeCode Digital Skills Social Impact Bond

INSTRUMENTSocial Impact Bond
REGIONBelgium (Brussels)
DURATION5 years (from 2020)
FUNDINGEUR 2.5M
INVESTOR RETURN2 to 6% IRR
FOCUS AREADigital skills and employment

THE SOLUTION

We structured a Social Impact Bond, the third with the Brussels employment agency, to fund digital skills training for vulnerable job seekers, prioritising women and non EU migrants. It supports a training and support centre in new technologies designed to move participants into stable, well paid work and to help close the region’s digital skills shortage. Repayment is tied to verified employment outcomes.

HEADLINE RESULT

450 job seekers into digital training, with up to 400 expected into work within a year.

IMPACT FOCUS

  • 450 job seekers began the digital training
  • Between 284 and 400 trainees expected to find work within twelve months of their internship
  • Around EUR 4,630 invested per person trained through the bond
  • Investor return of 2 to 6 percent IRR

BRAND AFFILIATION

Structured by Human Planet, formerly KOIS Advisory.

STAKEHOLDERS

  • Actiris, the Brussels employment agency (outcome funder)
  • BeCode (delivery partner)
  • Private investors, high net worth individuals and foundations

Access this Resource

Provide your details to download the webinar resources: