Toby Eccles: Invest in social change

Here's a stat worth knowing: In the UK, 63% of men who finish short-term prison sentences are back inside within a year for another crime. Helping them stay outside involves job training, classes, therapy. And it would pay off handsomely -- but the government can't find the funds. Toby Eccles shares an idea for how to change that: the Social Impact Bond. It's an unusual bond that helps fund new social services -- especially those where a small investment could create a much larger societal benefit. (And yes, investors, mainly NGOs, get a share of the profit if the service works.) TEDTalks is a daily video podcast of the best talks and performances from the TED Conference, where the world's leading thinkers and doers give the talk of their lives in 18 minutes (or less). Look for talks on Technology, Entertainment and Design -- plus science, business, global issues, the arts and much more. Find closed captions and translated subtitles in many languages at http://www.ted.com/translate Follow TED news on Twitter: http://www.twitter.com/tednews Like TED on Facebook: https://www.facebook.com/TED Subscribe to our channel: http://www.youtube.com/user/TEDtalksDirector

Topics:

["TEDTalk", "TEDTalks", "TED Talk", "TED Talks", "TED", "TED (Organization)", "TEDGlobal", "Toby Eccles", "business", "economics", "social change"]

Duration

Duration minutes: 10

Duration seconds: 4