The Peterborough Pilot Social Impact Bond

Alex James Nicholls · Emma Tomkinson

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Community Development and Social Impact Criminal Justice and Corrections Analysis Evaluation and Performance Assessment

Abstract

Abstract This is a detailed case analysis of the world’s first SIB, based at Her Majesty’s Prison in Peterborough, UK. This chapter starts by defining the SIB model and its key constituent parts. Next, the chapter sketches in the historical context that provides the background to the emergence of the SIB. The third section examines the Peterborough Pilot SIB in some detail. After this, the evolution of SIBs globally is discussed. Conclusions consider some of the issues that have emerged as the first SIB has been implemented. The chapter closes with a postscript reflecting on key issues that developed in 2014.

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References

1994Reinventing government: How the entrepreneurial spirit is transforming the public sector 2011Payment by results and social impact bonds in the criminal justice sector: New challenges for the concept of evidence-based policy?2011Social Impact Investment: the challenge and opportunity of Social Impact Bonds

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