The Mercy Foundation worked in partnership with the Social Impact Hub to develop a resource for government, private investors, services and NGOs on the different types of impact investing mechanisms available to finance innovative approaches to reduce youth homelessness.
Social Impact investment models draw capital from private investors to fund models that provide both a social return (in this case, reducing youth homelessness) and a financial return, in the form of savings to government that is paid back to investors. The investment not only draws capital from investors but also expertise from the public, private and not for profits sectors to achieve social outcomes. The NSW government has committed to delivering two new social impact investment transactions to market each year.
The report provides an excellent snapshot of youth homelessness in NSW, the current impact investment mechanisms available, what is happening around the globe in this area and the different options available for impact investment in NSW.