Two proposals to improve health outcomes selected for joint development
The NSW Government will work with two proponents to develop new social impact investments, following a request for proposals (RFP) that closed on 15 February 2016.
A proposal for each of the priority areas identified in the RFP was selected:
- Managing mental health hospitalisations – RichmondPRA and Social Ventures Australia.
- Managing chronic health conditions – Silver Chain Group.
Over the coming months, the Government will work with each proponent to further develop and negotiate the details of their proposals. Depending on the outcome of these negotiations, the Government may then seek to enter into social impact investments with the proponents. We anticipate joint development will take about six months.
We received 21 proposals to the RFP, compared to 16 proposals for the RFP in mid-2015. Shortly, we will publish a summary of our observations and lessons from these RFP processes. We hope this will help previous and future proponents better understand what we are looking for in proposals.
Thank you to everyone who expressed interest in this RFP and submitted proposals. We are planning to hold market sounding sessions in July to explore the opportunities for social impact investment in some of the priority areas set out in the recent 2016 Statement of Opportunities. More information on these sessions will be available on this website in due course.