Engender stated—
We do not feel there is sufficient clarity about the metrics that will be employed to measure success, particularly non-commercial, economic returns.Engender written submission
Similarly SCVO highlighted that the Bill provides scant indication of the importance of measuring the Bank’s investments “beyond generating financial profit and surplus for reinvestment”.SCVO written submission
Close the Gap agreed that the success ought not to be measured by financial indicators alone, proposing “wellbeing indicators” to judge the public benefits of patient capital.Close the Gap written submission
Warning against the Bank starting out in search of “some quick wins”, Laurie Macfarlane said such an approach “will not generate the kind of additionality that is the point of the bank”.