Towards a new social economy: Blended value creation through social impact bonds
Social Impact Bonds have since made up a significant proportion of our work. This paper is an attempt to capture and share some of what we have learnt while developing the initial Social Impact Bond pilots.
The first section of this paper explores why a new social economy is needed and the role that social impact bonds could play in stimulating its creation. The second section draws on Social Finance’s work developing social impact bond pilots to explore practical considerations around their use and application.
In both we temper our enthusiasm by being clear about what we still don’t know and what is under development