Social Bonds – can private investment in welfare work?

This Radio NZ programme (broadcast on Nine To Noon, on Tuesday 16 June 2015) discusses the NZ Governments proposals to trial the used social bonds in the mental health sector.

The Government says social bonds – which are set to be trialled in the mental health sector here – are an innovative way to pay for social services that deliver results while critics say they are a massive experiment. The idea behind social bonds is for the private sector to invest in particular outcomes such as improved employment rates or reduced reoffending by people coming out of prison. If the agreed outcome is not reached, the investor doesn’t get paid, thus – the Government says – there is a very big incentive to make the programme work. Paul Riley is the executive director of Key Assets UK – part of a global company which specialises in placing foster children in homes and other social and family services.

One thought on “Social Bonds – can private investment in welfare work?

  1. Not one iota of reference to Maori and the over-represenation of our kids in the care of the state…no awareness of the needs of Maori, the issues of unstutional racism and biased practice they face in social services in Aotearoa. Such as 2/3 of the kids in residences are Maori, the targeting/trafficking of our 0-4s out of their cultural group. How is this organisation going to ensure that Maori children go back into their cultural settings with whanau? How is this organisation going to encouarge/enable much needed Maori-centred caregiver training and recruitment of Maori caregivers when this group know nothing about Maori…i.e. cant even put them on the table when discussing services that will impact them. Like monocultural/eurocentric approaches such as trialled in Cardiff are applicable to our people. THEY’RE NOT and never will be. The ‘cultural incompetence’ of this group is deafening by it’s ommision of Maori or a Maori voice on this kaupapa. And still it goes unchallenged!

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