Click here to read the full article on the Gov UK website.
Seven new Social Impact Bond investment schemes aim to support social entrepreneurs and help to reform public services. The UK now has more Social Impact Bonds (SIBs) than the rest of the world put together. SIBs are a form of social investment where private investors provide the capital to address complex social problems. It is a payment by results system. Investors fund innovative interventions and the government only pays if these interventions succeed in, for example, helping young people get back into education.