A huge opportunity to create social impact
By integrating social and health outcomes goals and systems into infrastructure projects, infrastructure owners can leverage buildings and assets for greater community benefit. Local Governments across Australia currently spend in excess of $1 billion each year on infrastructure. While this infrastructure is generally well-built, it is seldom designed and held accountable to address social and health problems in the community.
Latitude's Outcomes-Based Infrastructure (OBI) approach puts the improvement of key health and/or social outcomes at the heart of an infrastructure development - leveraging an asset at low cost to deliver multiple community improvements. The Outcomes-Based Infrastructure approach enables a strong and robust evidence base of community need, matched with a committed group of service providers all governed by a clear and accountable governance structure. It’s time we held our infrastructure and place-making to a higher standard, with in-built mechanisms to ensure long run, measured community benefits and higher activation of space
Latitude's Outcomes-Based Infrastructure (OBI) approach puts the improvement of key health and/or social outcomes at the heart of an infrastructure development - leveraging an asset at low cost to deliver multiple community improvements. The Outcomes-Based Infrastructure approach enables a strong and robust evidence base of community need, matched with a committed group of service providers all governed by a clear and accountable governance structure. It’s time we held our infrastructure and place-making to a higher standard, with in-built mechanisms to ensure long run, measured community benefits and higher activation of space
Outcomes-based Infrastructure model
Benefits of an outcomes-based infrastructure approach
Creates Social Impact
- Achieves broad-based social impact outcomes
- Includes clear measurement of outcomes delivered
- Builds collaboration among social organisations around meeting outcomes
- Attracts tenants and partners - cash flow from tenancies
- Enable project to seek government funding for outcomes-based projects and social finance / impact investment
- Attracts not-for-profit and community organisations
- Increases activation of community assets by building active community groups interested in achieving outcomes
- Builds collaboration and new social action networks
- Allows leverage of large property investment to deliver multiple objectives in a single project
- Allows a standard project to hit politically important social or health goals for the region, attracting more support
- Process works with the specific local issues based on data
- Outcome goals and services designed specifically for local needs, engaging local people
- Doesn’t delay standard infrastructure development processes
- Low cost, highly leveraged projects