Reference materials


Overseas experience in operating through intermediaries
There are successful overseas models we can make reference to. Here are some examples:

US – The Social Innovation Fund
The US$600 million Social Innovation Fund (SIF) combines public and private resources for greater impacts of innovative, community-based solutions that have compelling evidence of improving the lives of people in low-income communities throughout the United States. The SIF invests in three priority areas: economic opportunity, healthy futures, and youth development. The SIF makes grants to experienced grant-making intermediaries that are well-positioned within communities to identify the most promising programs and guide them towards greater impact and stronger evidence of success.

UK - Big Society Capital
http://www.bigsocietycapital.com/
With up to £600 million of capital, Big Society Capital aims at developing the social investment market in the UK by improving access to finance for social sector organisations. It provides investment and support to social investment finance intermediaries (SIFIs), through which the social sector organisations can access to new, appropriate and affordable sources of finance to increase their social impact. Its investing in SIFIs instead of investing directly in social sector organisations helps these organisations establish connections with socially motivated investors.

Australia - The Social Enterprise Development and Investment Fund (SEDIF)
http://employment.gov.au/social-enterprise-development-and-investment-funds
http://docs.employment.gov.au/system/files/doc/other/sediflessons_2.pdf
The Aus$20 million SEDIF is an Australian Government initiative designed to improve access to capital for social enterprises to help them to develop, grow, and sustain the positive social impact of their work. The SEDIF is also designed to catalyse the development of Australian social investment market. Three SEDIF fund managers are allocated the full grant on finalising the funding agreement and are using this capital to provide tailored finance to social enterprises to help them purchase premises and equipment, develop new services, or expand existing services for the benefit of their communities.