Responsible for investments into Social Impact Bonds, Bridges Ventures, Director on the board, Children’s Support Services ltd
BACKGROUND / Academic and professional background
Andrew manages the €30m Bridges Social Impact Bond Fund. Bridges Ventures manages €600m, and uses an
impact-driven approach to create returns for both investors and society at-large.
Andrew previously worked for MicroCred (in the Positive Planet Group), as Group Strategy Director and subsequently as CEO of MicroCred Madagascar, where he led a successful performance turnaround.
ACHIEVEMENT/ What is your project/ initiative/startup/company all about?
A Social Impact Bond is a contract to pay for improved social outcomes. Government commissioners specify social outcomes (for example reduced reoffending, or improved children’s care), and social enterprises deliver them. Investors fund the programme; returns are dependent on the social outcomes delivered.
LOCATION/ In which city, country, part of the world do you conduct your activities?
IMPACT/ What is the positive economic, social, political, environmental…of the activity, project, initiative, startup, company?
12 Social Impact Bonds, to help 6,000 young people into work, provide therapy or therapeutic foster care for 600 teenagers, and find new adoptive families for 700 children.
We target 15-20 new Social Impact Bonds in the next 4 years, delivering positive outcomes for young children, teenagers, vulnerable adults, offenders and the homeless.
QUOTE/ A saying, quote or reference phrase that tells something about you
“Superhuman effort isn’t worth a damn unless it achieves results”