News articles in category Press

Bridges Ventures commits £1.65 million to Ways to Wellness to fund work with people in the west of Newcastle who live with long term conditions

Bridges commits £1.65m to first active social impact bond in the UK healthcare sector The ‘Ways to Wellness’ programme will launch next week, providing up-front funding for innovative ‘social prescribing’ interventions by four specialist providers in Newcastle It is aiming to improve the health outcomes of over 11,000 people Bridges’ Social Sector Funds have now backed 13 UK SIBs Read more

The Cabinet Office commits £1 million to Ways to Wellness to fund work with people in the west of Newcastle who live with long term conditions:

Seven new Social Impact Bond investment schemes aim to support social entrepreneurs and help to reform public services. The UK now has more Social Impact Bonds (SIBs) than the rest of the world put together. SIBs are a form of social investment where private investors provide the capital to address complex social problems. It is a payment by results system. Investors fund innovative interventions and the government only pays if these interventions succeed in, for example, helping young people get back into education. Read more