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Public Safety committee  In the private sector?

May 15th, 2014Committee meeting

Siobhan Harty

Public Safety committee  Let me answer it on two fronts. The first was the not-for-profit sector. Yes, we know that there is a long list of organizations interested in exploring this. We know that because we ran the call for concepts. We had over a 150 responses and we've been continually working with those people, and there are others.

May 15th, 2014Committee meeting

Siobhan Harty

Public Safety committee  The idea is to unlock private capital. I'm assuming the amount of money available for crime prevention is money raised from taxpayers' dollars. Whatever money you have, the idea is to get additional sources from capital markets. That money would be commercial capital. The idea is that you would add it to whatever money you have in current programs.

May 15th, 2014Committee meeting

Siobhan Harty

Public Safety committee  That's one of the concepts. That would be applicable in a social impact bond case, but as you noted, I had outlined different tools. I think that's the one that's very much out there in the discourse, and one we're familiar with. Certainly you would be, because of the Peterborough pilot.

May 15th, 2014Committee meeting

Siobhan Harty

Public Safety committee  Good afternoon. Thank you for the opportunity to address you today. I understand that you're interested in understanding social finance for your study and how it might be used in the area of crime prevention. In my remarks, I will focus on explaining social finance through concrete examples and I will outline the government's approach to social finance.

May 15th, 2014Committee meeting

Siobhan Harty