The majority of investors in the first-ever social impact bond launched by the UK government were foundations and charities, according to an early report into the success of the payment-by-results pilot. The social impact bond (SIB) model attracts funding from private investors to pay for interventions to improve outcomes on a payment-by-results basis. 

HMP Peterborough, as host of the first of six planned SIB contracts aimed at reducing re-offending announced in December’s Green Paper, Breaking the Cycle, attracted funding from more than ten charitable trusts including ACF members Esmée Fairbairn Foundation, Barrow Cadbury Trust, Henry Smith Foundation, Lankelly Chase Foundation, Paul Hamlyn Foundation and the Tudor Trust.

To view the SIB report please click here.

To view the full article taken from www.civilsociety.co.uk, please click here.