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?
|Number of pages||4|
|Journal||Public Money and Management|
|Early online date||22 Jan 2020|
|Publication status||Published - 2 Apr 2020|