Office of Social Impact Investment
The Office of Social Impact Investment (OSII) is a joint team of the NSW Department of Premier and Cabinet (DPC) and the NSW Treasury. The office has been established as an initiative of the NSW Government to facilitate growth in the social impact investment market.
The OSII oversees and leads the implementation of the NSW Social Impact Investment Policy, working closely with other government agencies and non-government stakeholders. Key elements of this work include developing new social impact investment transactions and helping to build the capability and capacity of agencies and others to participate in the social impact investment market.
We also support the NSW Social Impact Expert Advisory Group and work closely with the Australian Advisory Board on Impact Investing to align and coordinate our activities with other governments and stakeholders.
We are the central point of contact in the NSW Government for government agencies and non-government organisations that want to investigate social impact investment opportunities. Email the Office of Social Impact Investment or call us on +61 2 9228 5333.
What we do
We assist both NSW government agencies and its partners in the market. Our key activities include:
For NSW government agencies and market partners jointly
- Deliver more social impact investment transactions: we aim to deliver at least two new social impact investment transactions to market each year. We will explore a range of investment models to achieve social outcomes and address priority areas while sharing risk among government, social sector organisations and investors.
- Report on social impact investment opportunities: we will develop a periodic Statement of Opportunity that identifies future investment opportunities, based on Government priorities and feedback from the market and government agencies. The Statement will include potential outcome measures and intervention principles. We will also regularly publish a Statement of Progress on our social impact investment projects, including metrics on both costs and outcomes.
- Promote understanding of the social impact investment market: through this knowledge hub, we will facilitate information-sharing about social impact investment, and develop new resources to help build the capacity of market participants and attract new entrants to the market. We will periodically facilitate workshops and training sessions to help build knowledge about social impact investing in NSW.
- Contribute to efforts to improve outcomes measurement: we will develop and publish a database of benchmark costs relating to government delivery of key services to assist government agencies and their partners to develop appropriate financial models for potential new transactions. We will also develop and publish a framework setting out the types of social outcomes which might be sought and how they may be measured.
For social and private sector organisations and investors
- Central point of contact: we are the primary point of contact for organisations interested in working with the NSW Government on social impact investment transactions. Contact us with your questions and we will help you or put you in contact with someone who can. OSII Assist outlines the information and assistance we can provide.
- Facilitator: we will facilitate connections with potential investors, service providers and intermediaries. We will also help build non-government sector preparedness for social impact investment by working to help build their capacity in areas such as outcomes measurement, financial modelling and contract negotiation.
For NSW government agencies
- Central point of contact: we are the primary point of contact for agencies interested in learning more and getting involved in social impact investment.
- Improve government agency readiness for social impact investment: we will support government agencies to identify and engage with social impact investment opportunities and challenges. This will involve helping agencies assess how well their data systems, people and processes will facilitate social impact investment and helping them identify what parts of their organisation may need help to participate in transactions.
- Collaborate across government: we will help identify investment opportunities with shared benefits, address practical barriers to successful transactions, and seek a consistent role for governments in facilitating and enabling social impact investments.