Authors: Neil Stanworth and Edward Hickman
Location: United Kingdom
This report provides an assessment of the total public value so far created by Social Outcomes Contracts in the UK. SOCs (sometimes also called Social Impact Bonds or SIBs, or simply Impact Bonds) are a type of contract for the delivery of services to improve outcomes for people with complex needs, and have two key features: some or all of the payment for services is linked to the achievement of specified outcomes; and the contracts are supported by social investment, defined as repayable finance which creates both social and financial returns.
The analysis was carried out by ATQ and commissioned by Better Society Capital (BSC). It updates and further refines the findings from a similar report (Stanworth & Hickman, 2022) published in June 2022.