Forte

FORTE (which stands for Financing Of Return To Employment) is a new way to finance education and healthcare at no cost to either individuals or governments, and without relying on philanthropy. Via Forte, investors fund high-quality human capital investments (such as retraining) for individuals who are currently paying no or negligible income tax to the government. Those investments increase expected employment, incomes and therefore government income tax revenue. Governments, as part of the contractual arrangement, pass back to investors (via Forte) a portion of the uplift in income tax revenue for a set period of time. This arrangement is a true win-win. Incentives are perfectly aligned. Individuals receive high-quality services at no cost and no risk. They don't pay anything - either now or in the future. Governments can reduce unemployment, grow the economy, help disadvantaged groups, and overcome skills gaps, without worsening the budget. They just pass back a portion of what they otherwise would not have had. Investors get a double bottom-line, without any trade-off between social impact and financial returns. This FORTE approach is how we can finance retraining for the 1 in 4 workers who will lose their jobs in the next decade, how we can finance cataract eye surgery for the millions with avoidable blindness, and how we can finance life-saving drugs for those in need. It's trickle-up economics. It's how economics should work.