Kevin Humphreys (Dublin South East, Labour)
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Question 87: To ask the Minister for Finance when he will bring forward proposals on social impact bonds as included in the programme for Government and if those bonds will be administered by his Department or the Department of Enterprise, Jobs and Innovation; and if he will make a statement on the matter. [12003/11]

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 focus on outcomes for particular target groups, and attract private capital to support social provision.

The Government will consider how best to establish this new and innovative mechanism and will bring forward proposals in due course.