Social Impact Bonds (SIBs): Introduction and Cases Review

The social impact bond (SIB) is defined as a form of payment-by-results scheme combining governmental payments with private investments. This paper explores the motivations and implications of three third sector organisations (TSOs) participating in SIBs in Continental Europe. It offers an understanding of the involvement of TSOs in this type of scheme; and it shares insights about a context that is different from the United Kingdom and the United States – the Netherlands – which presents the opportunity to expand our knowledge about SIBs.

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IS A SOCIAL EMPOWERMENT OF PPP FOR INFRASTRUCTURE DELIVERY POSSIBLE? LESSONS FROM SOCIAL IMPACT BONDS

Annals of Public and Cooperative Economics ◽

10.1111/apce.12230 ◽

2018 ◽

Vol 90 (2) ◽

pp. 353-369 ◽

Cited By ~ 2

Author(s):

Veronica VECCHI ◽

Francesca CASALINI

Keyword(s):

Social Impact ◽

Social Impact Bonds ◽

Social Empowerment

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Social impact bonds: a new tool for governance of social programs - evidence from the UK, USA and Australia

International Journal of Public Policy ◽

10.1504/ijpp.2016.079741 ◽

2016 ◽

Vol 12 (3/4/5/6) ◽

pp. 261

Author(s):

Tamara Dimitrijevska Markoski

Keyword(s):

Social Impact ◽

Social Programs ◽

Social Impact Bonds ◽

The Uk

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Does a Payment-for-Outcomes Model Improve Indigenous Wellbeing? Commissioning Agencies and Social Impact Bonds in New Zealand

International Indigenous Policy Journal ◽

10.18584/iipj.2020.11.4.8195 ◽

2020 ◽

Vol 11 (4) ◽

pp. 1-26

Author(s):

Louise Humpage

Keyword(s):

New Zealand ◽

Indigenous Peoples ◽

Social Impact ◽

Policy Innovation ◽

Social Outcomes ◽

Nation States ◽

Improved Outcomes ◽

Social Impact Bonds ◽

Funding Mechanisms ◽

The Government

Commissioning agencies and social impact bonds are two examples of New Zealand’s shift towards payment-for-outcomes funding mechanisms over the last decade, as the government attempted to improve both policy innovation and social outcomes. This article highlights that although the commissioning agencies have been more successful than social impact bonds, neither has completely achieved these goals of innovation and improved outcomes. This is particularly concerning given Indigenous Māori are disproportionately impacted by both policies. Discussion concludes by highlighting some of the problems associated with applying a payment-for-outcomes model to Indigenous Peoples, given these funding mechanisms are becoming increasingly popular in other settler nation states.

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