In a UK-first, a social impact bond is being used to launch a scheme for young people with special needs to learn to use public transport on their own. The aim is to save councils money as well as improving young people's independence.
The impact investor has announced a new pot of cash that should, in theory, never run out. Bridges says it's "designed to free ambitious mission-led businesses from the constraints of traditional fund structures".
In the fourth instalment of our Black Cab Interview series, we took Sir Ronald Cohen out for a spin. Peace in the Middle East, the easy availability of money and, of course, impact investment were all up for discussion.
The success of employee owned care organisation CASA is not only great news for them, it's a great example of how developed and flourishing the social investment market is, writes Antony Ross of Bridges Ventures.
At the Cabinet Office Social Investment Awards in London last night Bridges Ventures triumphed in two categories, whilst other winners included Social and Sustainable Capital, Social Investment Scotland and Ethex.