Actively Investing Funds
Epiqus Työhyvinvointi I ("Tyhy-SIB") is a Social Impact Bond (SIB) that provides occupational wellness and preventive occupational healthcare services for public-sector employees in Finland. It is commissioned by several municipalities. Impact is measured as the reduction in the number of of sick-leave days compared to historical baseline-data times the cost of a sick-leave day. Epiqus Työhyvinvointi I is the first SIB in the Nordic countries, and a qualifying social entrepreneurship fund under the EuSEF regulations.
Epiqus Kotouttaminen I ("Koto-SIB") is a SIB that provides fast-track integration training and employment for immigrants seeking international protection in Finland. It is commissioned by the Ministry of Economic Affairs and the Employment. Impact evaluation is conducted as a Randomized Control Trial and measured through differences in tax collections and unemployment benefit payments between control and target groups. Epiqus Kotouttaminen I is the largest SIB in Europe, and a qualifying social entrepreneurship fund under the EuSEF regulations.
-
Tyhy-SIB represents a groundbreaking new approach for bringing top private sector resources to address public sector healthcare challenges through preventive interventions. We are proud of the contribution that our focus area has made to its development, and delighted to be part of it as an anchor investor.
The Finnish Innovation Fund Sitra -
We are delighted that EIF and Epiqus can boost financing for social sector organisations and social enterprises, whilst catalysing private capital to support the development of the social sector […] the EIF investment [in Koto-SIB] will contribute to overall social cohesion in Finland.
European Investment Fund -
Rapid employment of immigrants reduces integration training costs and employment benefit payouts, and increases tax collections. In addition, Koto-SIB also meets the needs of both immigrants and employers.
Finnish Ministry of Economic Affairs and Employment
