In 2013 Social Finance was appointed by the Big Lottery Fund to provide technical support to commissioners developing Social Impact Bonds and applying to their Commissioning Better Outcomes Fund. Throughout this we worked with over 100 commissioners and Voluntary, Community and Social Enterprise organisations (VCSE) across a range of social issues, as well as hosting workshops and roundtables across the UK.
The majority of our work focused on the health and social care, and children’s services sectors. These are areas with a high level of spend on acute care, and therefore with the greatest potential to embed a preventative approach and reduce demand on the most critical, and often most expensive, services. The report below is a summary of discussions with children and health commissioners about the challenges they face and the value of outcomes based commissioning.