Project
| ID | INDIGO-POJ-0045 |
|---|---|
| Impact Bond Name - (Value) | Buzinezzclub (Rotterdam) |
| Stage of Development - (Value) | Complete |
| Dates - Date outcomes contract signed - (Value) | 2013-03 |
| Dates - Start date of service provision - (Value) | 2013-03 |
| Dates - (Source ID's) | source2 |
| Overall project finance - Total investment commitment - Currency - (Value) | EUR |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 720000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 955973.2091 |
| Purpose and classifications - Intervention - (Value) | The Buzinezzclub social impact bond aims at reducing unemployment amongst youth without qualifications / underqualified in Rotterdam who receive unemployment benefits. Buzinezzclub offers the target group guidance and training on starting a business and provides a workspace, network and role-models. This should lead to a faster outflow from unemployment to entrepreneurship. The intervention also promotes the development of a passion for a specific profession. Participants may look for a job or education related to this profession as an alternative to starting their own business. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source7,source3 |
| Service and beneficiaries - Target population - (Value) | Youth (aged 17 to 27) without qualifications / underqualified in Rotterdam who receive unemployment benefits. To qualify for the intervention, young people must be receiving unemployment benefits for 0 to 24 months. |
| Service and beneficiaries - (Source ID's) | source8 |
| Delivery Locations 1: Location - Name - (Value) | Rotterdam, the Netherlands |
| Delivery Locations 1: Location - Country - (Value) | NL |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 51.916892 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 4.454617 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | van Es, B., Houben, O., & Lycklama À Nijeholt, M. (2016). SOCIAL IMPACT BONDS: AN INNOVATIVE WAY TO COMBAT YOUTH UNEMPLOYMENT. Journal of Positive Management, 7(1), 45–56. https://doi.org/10.12775/JPM.2016.003, p50 |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Apolitical, Rotterdam gets young people off benefits with social impact bond, 1 June 2017, https://apolitical.co/solution_article/rotterdam-gets-young-people-off-benefits-social-impact-bond/, accessed on 25 July 2019 |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | van Es et al. (2016), p50. |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | van Es et al. (2016), p51. |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | van Es et al. (2016), p50., Maarten Davelaar, Suzanne Tan, & Henk Spies. (2015). Case Study: Innovative Practice “Buzinezzclub” Rotterdam. EU project CITISPYCE. EU research project CITISPYCE, www.citispyce.eu. https://doi.org/10.13140/RG.2.2.29438.79680, p5 |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | van Es et al. (2016), p51. Davelaar 2015, p5 |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | van Es et al. (2016), pp 50 - 51. |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | van Es et al. (2016), p51., Apolitical (2017), Social Finance Database https://sibdatabase.socialfinance.org.uk/?project_id=28 accessed 24 July 2019. |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | van Es et al. (2016), p50-51. |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0173 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0176 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | € |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0177 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0178 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0174 |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0175 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Participant is employed or in training (i.e. off unemployment benefits). Expected number of benefit days saved from moving people into employment or training. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 160 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.5 |