Authors: Carl Bakker, Acuo Limited
Location: Auckland, New Zealand
In September 2017 the Genesis Youth Trust started providing a new set of services to reduce reoffending amongst young people in South Auckland, funded through the Reducing Youth Reoffending in South Auckland Social Impact Bond (the Bond).
Six years later service delivery under the bond has been completed, with 607 young people (rangatahi) and their families (whānau) impacted directly by this contract. This report evaluates the impact of the bond against its initial dual aims: delivering better outcomes and driving innovation in service delivery andcontracting. It also reviews performance and lessons within the wider context of outcome contracting and impact investing across NZ and globally. It looks both in careful detail at what was intended in this New Zealand SIB and what was achieved, while also identifying insights and lessons that have wider applica- tion for other outcome oriented social impact investments.