Impact Bond: Higashiomi City SIB Project
Stage of development: Complete
Policy sector: Employment and training
Intervention: Higashiomi Sanpoyoshi Kikin receives applications for various subsidy schemes from companies and organisations in the city. Those companies and organisations that apply are selected by a committee set up by the Higashiomi Sanpoyoshi Kikin. Once applicants are selected, they begin their projects. After the completion of the selected project, the selected companies need to submit a performance report to the Higashiomi Sanpoyoshi Kikin and report on the achievement of the performance target. Based on this report, the Board examines the degree of achievement of the results of each adopted project.
Date outcomes contract signed: 2016-05
Start of service provision: 2016-05
Anticipated end of service provision: 2021-02
Actual end of service provision: 2021-02
Dates notes: This project had five phases. Phase1: 2016/5 Phase2: 2017/9 Phase3: 2018/9 Phase3: 2018/7 Phase4: 2019/4 Phase4: 2019/9 Phase5: 2020/4; Anticipated date service provision: Phase1: 2017/3 Phase2: 2018/2 Phase3: 2019/2 Phase3: 2019/2 Phase4: 2020/1 Phase4: 2020/1 Phase5: 2021/2
Maximum potential outcome payment: 13130000 JPY
Maximum potential outcome payment (USD): 120691.24
Target population: Companies and other organisations
Targeted number of service users or beneficiaries: 19
Targeted unit type: Other
Targeted unit description: Companies and other organisations