Evaluation of the Social Impact Bond

Lessons from planning and early implementation at HMP Peterborough

Emma Disley, Jennifer Rubin, Emily Scraggs, Nina Burrowes, Deirdre May Culley

Research SummaryPublished Dec 14, 2011

RAND Europe has evaluated the world's first Social Impact Bond (SIB), an innovative payment-by-results mechanism to fund public services which aims to reduce reoffending by prisoners. This report presents the initial findings of the evaluation.

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Disley, Emma, Jennifer Rubin, Emily Scraggs, Nina Burrowes, and Deirdre May Culley, Evaluation of the Social Impact Bond: Lessons from planning and early implementation at HMP Peterborough. Santa Monica, CA: RAND Corporation, 2011. https://www.rand.org/pubs/research_briefs/RB9637.html.
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