Published July 2, 2019

Integration SIB

The key facts about the social impact bond promoting employment among immigrants (Koto-SIB).

Objective                                        

  • Permanent employment of immigrants

Commissioner                                          

  • Ministry of Economic Affairs and Employment

Target group

  • 2,500 – 3,000 unemployed immigrants

Performance indicators

  • Labour market subsidy (decrease in the need for the subsidy) and income tax (increase in tax revenue)

Project administrator

  • FIM Vaikuttavuussijoitukset Oy (formerly Epiqus Oy)

Service providers

  • Several different companies from the training and recruitment sector

Dates of implementation

  • 1 January 2017 – 31 December 2019 + a monitoring period of three years

Investors

  • European Investment Fund, Sitra, SOK Corporation, City of Espoo, Tradeka, Orthodox Church of Finland, Epiqus Oy, Sewatek Oy, Tom Tukiainen, Erkki Turanlahti, Arowana Advisors Oy

Size of the fund                         

  • €14,2 million

Other information

  • The largest SIB project in Europe measured by the size of the fund

(updated 7/2019)

Lue lisää!

Contact us
 
Mika Pyykkö
 
Anna Tonteri

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