Project
| ID | INDIGO-POJ-0024 |
|---|---|
| Impact Bond Name - (Value) | Kotouttamisen SIB (Integration Project) |
| Stage of Development - (Value) | Complete |
| Stage of Development - (Source ID's) | source12 |
| Dates - Date outcomes contract signed - (Value) | 2017-01 |
| Dates - Start date of service provision - (Value) | 2017 |
| Dates - Anticipated end date of service provision - (Value) | 2020 |
| Dates - Actual end date of service provision - (Value) | 2022 |
| Dates - (Source ID's) | source3,source13 |
| Overall project finance - Total investment commitment - Currency - (Value) | EUR |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 14300000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 16114538.6 |
| Purpose and classifications - Intervention - (Value) | To employ 2,500 immigrants within the next three years and help employers get the skilled workforce they need. To help immigrants become part of the Finnish society through education, training and employment. To provide vocationally oriented language and other training to immigrants in support of finding employment. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source5,source4 |
| Service and beneficiaries - Target population - (Value) | Immigrants aged 17-63, who have been granted a residence permit on the basis of international protection and who have registered as unemployed job seekers at the Employment and Economic Development Office |
| Service and beneficiaries - (Source ID's) | source9 |
| Notes - (Value) | Value capture - Maximum payments possible: €1500 fixed fee for each completed integration training + 50% of tax collections and employment benefit savings versus control group |
| Delivery Locations 1: Location - Name - (Value) | Finland (Nationwide) |
| Delivery Locations 1: Location - Country - (Value) | FI |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 60.192059 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 24.945831 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Kotouttamisen SIB website (accessed: 24.07.2019) https://kotosib.fi/ |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Article on Sustainability - Open Access Journal "Business Models for Sustainable Finance: The Case Study of Social Impact Bonds" (2019) p. 8 (accessed: 24.07.2019) C:/Users/User/Downloads/sustainability-11-01887.pdf |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Article on Sustainability - Open Access Journal "Business Models for Sustainable Finance: The Case Study of Social Impact Bonds" (2019), p. 8 (accessed: 24.07.2019) https://www.mdpi.com/2071-1050/11/7/1887 |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | European Investment Fund website (accessed: 24.07.2019) https://www.eif.org/what_we_do/equity/news/2017/efsi_epiqus_payment_by_results.htm |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Ministry of Economic Affairs and Employment in Finland website (accessed: 24.07.2019) https://tem.fi/en/integration-sib-project |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | European Investment Fund: Social Impact Activities - Equity PPT presentation, p. 21 (accessed: 24.07.2019) https://www.fi-compass.eu/sites/default/files/publications/fi-campus-2018-13_Bernard-Treille.pdf |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | SITRA website (accessed: 24.07.2019) https://www.sitra.fi/en/projects/sib-funds/#what-is-it-about> |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Article on Sustainability - Open Access Journal "Business Models for Sustainable Finance: The Case Study of Social Impact Bonds" (2019), p. 14 (accessed: 24.07.2019) C:/Users/User/Downloads/sustainability-11-01887.pdf |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Kottoutamisen SIB brochure "New In Finland and Eager to Start Working?", page 2 (accessed: 24.07.2019) https://kotouttaminen.fi/documents/3464316/4868630/KotoSIB_Esite2_EN_A4_screen.pdf/5c658ce1-d334-413e-93d5-a0c9e4e2f832/KotoSIB_Esite2_EN_A4_screen.pdf.pdf |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | Article on Sustainability - Open Access Journal "Business Models for Sustainable Finance: The Case Study of Social Impact Bonds" (2019), p. 12 (accessed: 24.07.2019) C:/Users/User/Downloads/sustainability-11-01887.pdf |
| Sources 11: Id | sourcehackandlearn2021-08 |
| Sources 11: Name - (Value) | Hack and Learn - August 2021 |
| Sources 12: Id | source12 |
| Sources 12: Name - (Value) | FIM webiste accessed on 18/10/2021: https://tem.fi/en/sib-projects |
| Sources 12: Type - (Value) | Website |
| Sources 13: Id | source13 |
| Sources 13: Name - (Value) | Koto SIB case study - GO Lab |
| Sources 13: Type - (Value) | Website |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0545 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0546 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0547 |
| Investments 1: Organisation Role Category - (Value) | Multilateral/Bilateral/Intergovernmental Financial Institution |
| Investments 1: Investment Commitment - Currency - (Value) | EUR |
| Investments 1: Investment Commitment - Amount - Exact - (Value) | 10000000 |
| Investments 1: Investment Commitment - Amount USD - Exact - (Value) | 11268908.11188811 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0548 |
| Investments 2: Investment Commitment - Currency - (Value) | EUR |
| Investments 2: Investment Commitment - Amount - Exact - (Value) | 4300000 |
| Investments 2: Investment Commitment - Amount USD - Exact - (Value) | 4845630.488111888 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0385 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0387 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Increased tax collections |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.3 |
| Outcome Metrics 1: Secondary SDG targets - (Value) | 8.8 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Reduced employment benefits |
| Outcome Metrics 2: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Primary SDG target - (Value) | 8.3 |
| Outcome Metrics 2: Secondary SDG targets - (Value) | 8.8 |
| Documents 1: Title - (Value) | Kotouttamisen SIB - Case study |
| Documents 1: URL - (Value) | https://golab.bsg.ox.ac.uk/knowledge-bank/case-studies/kotouttamisen-koto-social-impact-bond/ |