Written answers

Tuesday, 18 December 2012

Department of Public Expenditure and Reform

Social Impact Bonds

Photo of Seán FlemingSeán Fleming (Laois-Offaly, Fianna Fail)
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To ask the Minister for Public Expenditure and Reform when he expects to receive the report from the steering group overseeing the development of social impact bonds and if his intention to publish this report; and if he will make a statement on the matter. [56565/12]

Photo of Brendan HowlinBrendan Howlin (Wexford, Labour)
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I am advised that the work of the steering group – which is carrying out an assessment of a number of opportunities identified by the Advisory Group on Social Impact Investing – is progressing.

The steering group's assessment of the opportunities identified will be brought to me once finalised, with recommendations as to whether or not a project should proceed to a formal pilot phase.

I expect that the steering group will update me further on its progress during the first quarter of 2013.

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