Social Impact Bond (Paperback)

High Quality Content by WIKIPEDIA articles! A Social Impact Bond is a contract with the public sector in which it commits to pay for improved social outcomes that result in public sector savings. The expected public sector savings are used as a basis for raising investment for prevention and early intervention services that improve social outcomes.Social Impact Bonds are not bonds in the conventional sense. While they operate over a fixed period of time, they do not offer a fixed rate of return. Repayment to investors is contingent upon specified social outcomes being achieved and therefore in terms of investment risk Social Impact Bonds are more similar to that of an equity investment.The first Social Impact Bond pilot run by Social Finance was announced on 18 March 2010 by Justice Secretary Jack Straw.