RAND Europe is evaluating the world's first Social Impact Bond (SIB), an innovative payment-by-results mechanism allowing private investors to fund public services which, if effective, will provide a return on this investment. Implemented in a prison in Peterborough in 2011, the SIB aims to reduce reoffending by prisoners who have served short custodial sentences. Midterm findings indicate it has been successful in reducing reoffending by prisoners who have served short custodial sentences.
RAND Europe Research
Through objective analysis and research RAND Europe strives to provide effective solutions and informed choices to policy and decision-makers. Our international expertise complements the multidisciplinary nature of our research teams.
By establishing new angles of enquiry and, in some cases, new methodologies for research, RAND Europe brings fresh approaches and adds valuable contributions to traditional as well as new RAND research areas. Along with its work for Brussels-based organisations such as the European Commission, specific areas of policy research for RAND Europe include:
This study provides insights into future technology and innovation models relevant to defence, in the context of a growing volume of primarily civil technology that can both impact and be leveraged by defence and security capabilities.
Towards a dynamic and trustworthy Internet of ThingsOctober 29, 2013
Brief summary of findings and recommendations for the European Commission, from a study of Europe's policy options for a dynamic and trustworthy development of the Internet of Things.
Mental Health Retrosight: Identifying the attributes of successfully translated research (lessons from schizophrenia)October 28, 2013
Identifying the attributes of successfully translated research (lessons from schizophrenia); headline findings and policy provocations from the Mental Health Retrosight project.