A technical guide to commissioning social impact bonds
Since Social Finance launched the first social impact bond in September 2010 to reduce re-offending among short sentenced prisoners leaving Peterborough p rison, the concept has attracted considerable interest. There is, however, a long way to go before they are commonly used. Like any new approach, it will take a while for people to understand when and how to establish social impact bond.
The purpose of this paper is to help commissioners consider how best to develop and procure social impact bonds.