Re: social impact bonds
Thank you Adrian for the great link!
Graham Allen was on Radio 4's Today programme yesterday talking
about how early intervention could be funded by social investment. I don't understand how the outcomes are going to be measured so that you can be sure that investment A in early intervention has resulted in a cost saving down the line. Also who is going to pay the investors their return? The cost savings would presumably be savings to local authorities social services, education etc.
It seems to me that the contracts will be really difficult to negotiate and small charities or social enterprises could find themselves left out or could be vulnerable if outcomes are disputed.
I also noted that Graham Allen mentioned that charitable trusts might like to invest in this way.
Research Manager, Commmunication Matters
Trustee, Home-Start Nottingham