The Netherlands adds to the growing number of social impact bonds that focus on workforce development

I have not written about this SIB yet, but here is the description from a JP Morgan Social Finance report:

Holland: ABN AMRO and Start Foundation invested EUR 680,000 in ‘Buzinezzclub’, a Dutch company which aims to help around 80 youngsters annually to either a job or an education. The company focuses on youngsters who normally lack the qualifications to enter the labor market. The project is funded by a social impact bond, the first of its kind in the Netherlands. The municipality pays a premium of up to 12% annually, depending on the amount of social benefits it saves because of the project.