Impact Bond: Buzinezzclub (Rotterdam)
Stage of development: Complete
Policy sector: Employment and training
Intervention: 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.
Date outcomes contract signed: 2013-03
Start of service provision: 2013-03
Total investment commitment currency: EUR
Total investment commitment: 720000
Total investment commitment (USD): 955973.2091
Target population: 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.