Blavatnik School and Cabinet Office partner up

first_imgAiming to create a “new centre for excellence,” on March 23rd the Cabinet Office announced a five-year partnership with the Blavatnik School of Government.The centre, which will be called the Government Outcomes Lab, will be tasked with developing research into the areas of Social Impact Bonds (SIBs) and government commissioning. SIBs are an example of ‘innovative finance,’ a field that attempts to develop new funding mechanisms for using private capital to achieve social impact.Already, government initiatives, the Cabinet Office wrote in its press release, “have contributed towards the development of 32 Social Impact Bonds across the UK.” One of the goals of the Government Outcomes Lab will be to determine which of these SIBs are effective and which are not.Minister for Civil Society, Rob Wilson, said, “SIBs represent a revolution in the way government can deliver public services. They generate huge savings for the taxpayer, increased revenues for charities and social enterprises and returns to social investors. The Government Outcomes Lab will give local authorities the support they need to develop SIBs, and build a centre of research excellence in the UK, helping us build a truly compassionate society.”The Rockefeller Foundation also estimates that SIBs can be an important policy tool. They estimate that there is $1t (£700b) “in potential commercial capital for SIBs over 10 years.”Dean of the Blavatnik School of Government, Professor Ngaire Woods, said, “Governments everywhere will benefit from research, data and training which helps them to focus on outcomes and to work better with the private and not-for-profit sectors.“The partnership with the Cabinet Office brings the strength and momentum of the Blavatnik School of Government together with a powerful transformative initiative in the UK government.”The Blavatnik School has attracted controversy in the past over the credentials of its namesake, Leonard Blavatnik, a Russian-born London billionaire who donated £75m to the school in 2010.In November, an open letter was published in The Guardian by a group of Oxford graduates and human rights activists calling for the University to reconsider its acceptance of the funds and for public figures to withdraw their support from the Blavatnik School.last_img read more

Read more

Housing Demand Rises Among Older Consumers

first_img Buyers Condominiums homeowners homes Houses Multifamily National Association of Home Builders Single-Family 2018-08-06 Radhika Ojha Housing Demand Rises Among Older Consumers Share The confidence of builders in the single-family housing market for consumers in the age group of 55 years and above is on the rise. As is the demand for homes in this age group, according to the National Association of Home Builders (NAHB) 55+ Housing Market Index (HMI).This quarterly index measures data for single-family as well as multifamily condominium housing for older homeowners and buyers. Each segment of the 55+ HMI measures builder sentiment based on a survey on current sales, prospective buyer traffic and anticipated six-month sales for that market.According to the NAHB When compared to the previous quarter, among the three single-family components present sales increased three points to 73, sales expected over the next six months declined three points to 77 and traffic for prospective buyers fell four points to 47. Despite the flat outlook, builders and developers remain confident and continue to see demand from consumers aged 55 years and more for housing. However, “increases in building material costs have made it challenging to meet this demand,” said Chuck Ellison, Chairman of NAHB’s 55+ Housing Industry Council and VP, Land, at Miller & Smith.Robert Dietz, Chief Economist at NAHB, agreed, “Builders need to manage rising building material costs especially for lumber in order to continue providing housing at competitive prices.”But what is driving demand among consumers in this age group? According to Dietz, “Strong economic growth and rising homeowner wealth are allowing consumers to sell their current homes and buy or rent houses in 55+ communities.The 55+ multifamily condo HMI dropped seven points to 57, however, according to NAHB, it was still the second-highest reading since the inception of the index in 2008. All three 55+ condo HMI components decreased in the second quarter: Present sales fell six points to 61, sales expected in the next six months dropped seven points to 63 and traffic of perspective buyers declined 11 points to 44.last_img read more

Read more