Debate: The cost of SIBs

Research output: Contribution to journalComment/debatepeer-review

Authors

Details

Original languageEnglish
Pages (from-to)185-188
Number of pages4
JournalPublic Money and Management
Volume40
Issue number3
Early online date22 Jan 2020
DOIs
Publication statusPublished - 2 Apr 2020
Publication type

Research output: Contribution to journalComment/debatepeer-review

Abstract

Social Impact Bonds (SIBs) are intrinsically expensive ways to fund social programmes. Using data from the development of a SIB programme, this article provides an example of the costs of developing a SIB. Including pro bono support, the programme cost nearly £750,000 to develop, before it had engaged with service users. Will this level of cost will significantly reduce in future, and are SIBs likely to provide ongoing cost reductions?