social impact bonds | National Union of Public and General Employees

social impact bonds

May 10, 2019

It is not a coincidence that supporters of ISAs include people with a history of supporting cuts to public services to pay for tax cuts for large corporations and the wealthy. 

January 23, 2019

Those pushing social impact bonds are taking the same approach as those profiting from P3 privatization schemes – focus on the new service being provided and hope it distracts people from the problems with the way it’s being funded.

September 18, 2018

Making sure children aren’t hungry, making sure they can see properly in school, and making sure they get help if they lose a loved one shouldn’t depend on where wealthy individuals or corporations decide to invest.

April 9, 2018

What’s needed is for governments to provide community services with adequate funding. And a first step would be to ask the wealthy and large corporations to pay their share of taxes — instead of allowing them to profit from the misfortune of others by investing in social impact bonds.

July 28, 2017

"Treating social and public health services like they’re just another option for an investment portfolio is risky for everyone."  — Michelle Gawronsky, MGEU President

November 24, 2016

“The privatization industry want us to believe Social Impact Bonds are ‘free money.'  This report shows that, in reality, Social Impact Bonds increase the costs of public services.” — Larry Brown, NUPGE President

November 8, 2016

“This is not what the founders of medicare had in mind. They sought a universal, publicly-funded health care system, and SIBs undermine that principle.” — Lucy Morton, Chair of OPSEU's Health Care Divisional Council

June 1, 2016

Provincial budget included continued support for home care, long term care, community living, and colleges and universities.

March 9, 2016

“When Social Impact Bonds first appeared we expected that they would prove to be more expensive, but this is even worse than what we expected." — James Clancy, NUPGE National President. 

July 7, 2015

“The failure of the Rikers Island project shows Social Impact Bonds and other pay-for-success schemes are fundamentally flawed,” said James Clancy, NUPGE National President