Social impact bonds: a wolf in sheep’s clothing?

Research output: Contribution to journalArticle

2166 Downloads (Pure)

Abstract

This article provides a rounded critique of Social Impact Bonds (SIBs): a newly developed and innovative financial investment model, developed in the UK and starting to spread internationally that could transform the provision of social services. Although SIBs have the potential to influence delivery by all providers, this article raises three concerns about their possible effects - in relation to their potential outcomes, unintended consequences for the UK third sector, and governance - and then reflects upon SIBs as the latest manifestation of the ideological shift which the UK third sector is undergoing.
Original languageEnglish
Pages (from-to)247-257
Number of pages11
JournalJournal of Poverty and Social Justice
Volume21
Issue number3
DOIs
Publication statusPublished - Oct 2013

Fingerprint

clothing
social effects
financial investment
mobile social services
governance

Keywords

  • social investment
  • social impact bonds
  • third sector

Cite this

@article{109d28d8cc6b47d09e74a681db2c5a66,
title = "Social impact bonds: a wolf in sheep’s clothing?",
abstract = "This article provides a rounded critique of Social Impact Bonds (SIBs): a newly developed and innovative financial investment model, developed in the UK and starting to spread internationally that could transform the provision of social services. Although SIBs have the potential to influence delivery by all providers, this article raises three concerns about their possible effects - in relation to their potential outcomes, unintended consequences for the UK third sector, and governance - and then reflects upon SIBs as the latest manifestation of the ideological shift which the UK third sector is undergoing.",
keywords = "social investment, social impact bonds, third sector",
author = "Neil McHugh and Stephen Sinclair and Michael Roy and Leslie Huckfield and Cam Donaldson",
note = "12 months embargo set as publisher Romeo guidelines. Rights statement includes set statement as required. ET 24-1-14",
year = "2013",
month = "10",
doi = "10.1332/204674313X13812372137921",
language = "English",
volume = "21",
pages = "247--257",
journal = "Journal of Poverty and Social Justice",
issn = "1759-8273",
publisher = "Policy Press",
number = "3",

}

TY - JOUR

T1 - Social impact bonds: a wolf in sheep’s clothing?

AU - McHugh, Neil

AU - Sinclair, Stephen

AU - Roy, Michael

AU - Huckfield, Leslie

AU - Donaldson, Cam

N1 - 12 months embargo set as publisher Romeo guidelines. Rights statement includes set statement as required. ET 24-1-14

PY - 2013/10

Y1 - 2013/10

N2 - This article provides a rounded critique of Social Impact Bonds (SIBs): a newly developed and innovative financial investment model, developed in the UK and starting to spread internationally that could transform the provision of social services. Although SIBs have the potential to influence delivery by all providers, this article raises three concerns about their possible effects - in relation to their potential outcomes, unintended consequences for the UK third sector, and governance - and then reflects upon SIBs as the latest manifestation of the ideological shift which the UK third sector is undergoing.

AB - This article provides a rounded critique of Social Impact Bonds (SIBs): a newly developed and innovative financial investment model, developed in the UK and starting to spread internationally that could transform the provision of social services. Although SIBs have the potential to influence delivery by all providers, this article raises three concerns about their possible effects - in relation to their potential outcomes, unintended consequences for the UK third sector, and governance - and then reflects upon SIBs as the latest manifestation of the ideological shift which the UK third sector is undergoing.

KW - social investment

KW - social impact bonds

KW - third sector

U2 - 10.1332/204674313X13812372137921

DO - 10.1332/204674313X13812372137921

M3 - Article

VL - 21

SP - 247

EP - 257

JO - Journal of Poverty and Social Justice

JF - Journal of Poverty and Social Justice

SN - 1759-8273

IS - 3

ER -