Eric Byrne (Dublin South Central, Labour)
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Question 58: To ask the Minister for Finance the way social impact bonds will be issued; the person who will regulate the system of social impact bonds and where the funds garnered from them will be used. [6063/11]

Michael Noonan (Limerick City, Fine Gael)
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The Government Programme for National Recovery 2011 - 2016 provides that the Government will establish a new model of financing social interventions - called Social Impact Bonds - that share audited exchequer savings with charitable and voluntary organisations. The Government will consider how best to establish this new and innovative mechanism and will bring forward proposals in due course.