A recent report out of the UK shows the rise in social impact investing in their NFP sector and the general view that it is making a positive impact. We are beginning to see this take off more in Australia, with the proposed independent financial institution, Impact Capital Australia, to accelerate development and achieve scale for impact investing in Australia. In Queensland, the government also has also launched a pilot program for Social Benefit Bonds with 3 focus areas: Reoffending, Homelessness and Issues facing Aboriginal and Torres Strait Islander people.
In March 2016 Big Society Capital estimated that social investment across the UK was worth more than £1.5 billion (A$2.9 billion), with at least 3,000 different charities and social enterprises using it to improve society. The new report highlighted the impact of investment in key areas such as community, employment, training and education, and housing, with investments reaching over 270 charities and social enterprises. Big Society Capital said that the early findings from its stakeholder survey showed that nearly 70 per cent of people believed it was having a positive impact.