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Tags are what WordPress calls is keywords. I attach a small number of tags to every post to help people navigate between content with the same keywords. Tags may be people (David Gauke say), organisations (The Howard League, Revolving Doors Agency), themes (women offenders, homelessness) or specific items (heroin, cocaine, ROTL). If you’re looking to research a particular issue, they can be invaluable.

Payment by Results

UK aims for £1billion Social Impact Bonds

It’s no surprise that the government is such a strong supporter of social investment; at a time when investment in public services is being cut substantially year after year, #socinv is a key source of extra funding.

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Payment by Results

Payment by results is not a free lunch

There’s no free lunch. Yet across the country, advocates of Pay for Success (PFS), or Social Impact Bonds (SIBs), serve up this alternative private financing model as a cost-free, risk-free silver bullet to support critical, yet underfunded, public services.

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Payment by Results

Final evaluation of Peterborough prison PbR pilot

The pilot was widely claimed to have been set up to stimulate innovation, although it was based on a previous model already developed by St Giles trust. Nevertheless, the SIB funding was found to be flexible and allowed staff to use a personalised budget approach to resolve issues for individual service users as well as incentivising engagement.

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Payment by Results

Putting Social Impact Bonds to the test

Finally, five years since the first impact bond, we have yet to see whether impact bonds will lead to sustained impact on the lives of beneficiaries beyond the impact bond contract duration. The existing literature states that impact bonds could lead to sustained impact by demonstrating to government that a sector or intervention type is worth funding or by improving the quality of programmes by instilling a culture of outcome achievement, monitoring, and evaluation.

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Payment by Results

Do Social Impact Bonds work?

As we have come to expect, there are significant benefits to the SIB approach but also some serious challenges. Most stakeholders involved in SIBs, especially service providers, had a positive experience to the extent that most see themselves as likely to be involved in delivering Social Impact Bonds in the future. The Payment by Results approach places an intense focus on outcomes and greater impact for beneficiaries.

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Payment by Results

Social Impact Bonds and Homelessness

Overall the evaluation concluded that the SIB/PbR process had stimulated providers to bring together different elements of best and effective practice in an innovative manner using a “navigator” approach where a single role: “supports a client along the entire pathway from the street/point of first contact and blends direct support with wider provision brokered and coordinated to sustain long term outcomes”

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On Probation

Did Peterborough and Doncaster reoffending pilots succeed?

So what do we make of these results? To me they represent a mixed picture, there’s no denying that reoffending has been reduced. However, we would normally expect a high level of performance from such a high profile pilot where the partners had chosen to participate and indeed championed and driven the initiative from the outset. On the other hand, there has been significant learning about how best to co-ordinate pre-and post-release activity, use mentors effectively and co-ordinate a multi-agency approach to preventing reoffending.

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