Social Impact Bond
Social impact bonds (SIBs) are a commissioning tool that can enable organisations to deliver outcomes contracts and make funding for services conditional on achieving results. Social Investors pay for the project at the start, and then receive payments based on the results achieved by the project. There now exist over 30 SIBs across the UK, supporting tens of thousands of beneficiaries in areas like youth unemployment, mental health and homelessness.
- Full name or Short Description
- Bond issued for social investment purposes
- Source of definition
- UK Gov
- Source and further information
- https://www.gov.uk/guidance/social-impact-bonds
- Classification
- Asset
- Category
- Social
- Status
- Aspirational
- Date created
- 01/Mar/2021
- Date updated
- 01/Mar/2021