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How can social investment support local public authorities’ work with social enterprises to improve services?

This webinar for commissioners of public services, social entrepreneurs and investors explored the topic, featuring detailed examples from Kirklees and Rotherham and input from our expert panel.

The sixth in our series of Procurement to Partnership Toolkit webinars, it covers:

  • Rotherham’s experience of Mental Health Services and how social investment is supporting the alternative care and support models,
  • The Kirklees Better Outcomes Partnership (KBOP), where social investment has been used in an outcomes-based contract with a partnership to improve services for people with complex needs,
  • Panel discussion and Q&A (more details below). Watch it here:

Timings:

  • 00:00 Introduction from Jonathan Bland, E3M and Social Business International.
  • 00:45 Julian Blake, Partner, Stone King.
  • 04:41 Tej Dhami, Managing Director, The Change Coefficient: an overview of social investment and how it can support commissioners.
  • 15:01 Jacqui Clark, Head of Prevention and Early Intervention, Strategic Commissioning, Adult Care, Housing and Public Health, Rotherham MBC: case study. How social investment is supporting the alternative care and support models in Mental Health Services – a social investment provider has been able to bring new resources to finance the provision of new supported accommodation.
  • 32:50 Emma Hanley, Senior Contracting and Procurement Manager, Kirklees Council. The Kirklees Better Outcomes Partnership, where social investment has been used in an outcomes-based contract with a partnership to improve services for people with complex needs. The partnership addressed a ‘revolving door’ problem. It uses a special purpose vehicle; there are eight partners; it received financial support from the Life Chances Fund and has investment from Bridges Ventures.
  • 49:29 Tamsin Eastwood, Partner, Stone King. Lessons from a variety of structures which illustrate how social investment can support better outcomes for people. Structures vary but have similar key ingredients. Tamsin covers Resonance’s Supported Homes Funds and projects to support Community Land Trusts (CLTs).
  • 56:28 Aman Johal, Investment Director, Big Society Capital. BSC’s purpose; an overview of social outcomes contracts; plus research showing the potential and power of this market.
  • 1:05:21 A panel Q&A session in which speakers addressed questions from the live audience, including structures, contracting, the ease or difficulty of raising different amounts of social investment, blended funds, social investment in care, growing outcomes-based contracting (and the social investment market), horizon scanning, investor interest in this type of work and more.

The webinar, the sixth in our series of Procurement to Partnership Toolkit webinars, took place on 24 April 2023. It demonstrates how social investment can unlock and accelerate the provision of community-centred services which deliver better outcomes for people and places.

Our toolkit seeks to help users make this happen. It is a step-by-step guide to realising purpose-alignment and making it work for local communities, so please look around via the links below, send your questions through this email and get involved.

What next?

In-depth examinations of successful public service partnerships, described by partners involved PLUS analysis from experts and Q&A. Watch the recordings here.

Vitalising Purpose book

Our book, Vitalising Purpose, investigates how partnerships between public authorities and social enterprises can make a difference to how public services are provided, and to people’s lives.

Vitalising Purpose contains practical ideas about collaboration, commissioning, social investment, impact, risk, equality, culture and leadership and will support readers to maximise social value, public benefit and good outcomes for people and places when delivering public services.

Learn more and get a FREE copy of the ebook version or buy the paperback here.