Dáil Éireann Debate, Wednesday - 18 May 2011
87 Deputy Kevin Humphreys asked the Minister for Finance when he will bring forward proposals on social impact bonds as included in the programme for Government and if those bonds will be administered by his Department or the Department of Enterprise, Jobs and Innovation; and if he will make a statement on the matter. [12003/11]
View answerThe Government Programme for National Recovery 2011-2016 provides that the Government will establish a new model of financing social interventions — called Social Impact Bonds — that focus on outcomes for particular target groups, and attract private capital to support social provision.
The Government will consider how best to establish this new and innovative mechanism and will bring forward proposals in due course.
