Social Investment, Social Impact Bonds and Public Service Delivery

Research output: Book/ReportCommissioned report

Abstract

This research report covers policies, mechanisms and instruments which have been devel-oped to support and encourage the financialisation of public service delivery, especially using private investment through social investment and social impact bonds (SIBs). Though these are highly significant developments, they are rarely explained or reported. Their aim is that delivery of public services – especially for services supporting those who are socially exclud-ed and least able to speak for themselves – become a mechanism for providing returns to private investors.

More than £1bn of funds from dormant bank accounts (mostly from the dead people under Labour’s Dormant Bank Accounts Act 2008) and from the National Lottery have been used to subsidise and encourage private investment in public services. Largely through lack of public awareness and public accountability, through their contribution to ‘outcome payments’ these funds form the basis of ‘dividends’ to private investors.
Original languageEnglish
Place of PublicationLondon
PublisherUNISON
Commissioning bodyUNISON
Publication statusPublished - 4 Nov 2019

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