Guidance

Social impact bonds: a data gathering how-to guide for commissioners

Guidance for commissioners to use when collecting data to develop 'payment by results' programmes using the social impact bonds model.

Documents

Details

This how-to guide and the accompanying sample potential savings template are provided to commissioners as potentially useful tools in designing payment by results (PbR) programmes supported by or paid for via social impact bonds (SIBs) or similar instruments, and in estimating the potential savings resulting from them.

These documents offer one suggested methodology for estimating the savings to the public sector of interventions designed to achieve specific social outcomes, including complex and overlapping outcomes. They are based on an approach developed by the Cabinet Office with local authorities considering interventions for troubled families. However commissioners will ultimately need to make their own decisions on how best to model their target populations, associated costs and potential savings.

Published 5 February 2013