The payment by results Social Impact Bond pilot at HMP Peterborough

Final process evaluation report

Emma Disley, Chris Giacomantonio, Kristy Kruithof, Megan Sim

ResearchPublished Feb 26, 2016

RAND Europe was commissioned by the UK Ministry of Justice to evaluate the world's first Social Impact Bond (SIB), an innovative payment-by-results mechanism to fund public services. Implemented in a prison in Peterborough in eastern England, this first SIB aimed to reduce reoffending by prisoners who have served short custodial sentences. The third and final report from RAND's evaluation provides evidence and key lessons on the operation of this funding model, informing the possible development and roll-out of SIBs in other policy areas and in other parts of the UK.

Please note: This report is not available on the RAND website but can be downloaded from the GOV.UK website.

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Document Details

  • Copyright: Crown copyright
  • Publisher: RAND Corporation
  • Availability: Web-Only
  • Year: 2015
  • Pages: 73
  • DOI: https://doi.org/10.7249/RR1212
  • Document Number: RR-1212-MOJ

Citation

RAND Style Manual
Disley, Emma, Chris Giacomantonio, Kristy Kruithof, and Megan Sim, The payment by results Social Impact Bond pilot at HMP Peterborough: Final process evaluation report, RAND Corporation, RR-1212-MOJ, 2015. As of October 15, 2024: https://www.rand.org/pubs/research_reports/RR1212.html
Chicago Manual of Style
Disley, Emma, Chris Giacomantonio, Kristy Kruithof, and Megan Sim, The payment by results Social Impact Bond pilot at HMP Peterborough: Final process evaluation report. Santa Monica, CA: RAND Corporation, 2015. https://www.rand.org/pubs/research_reports/RR1212.html.
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The research described in this report was prepared for the Ministry of Justice and conducted by RAND Europe.

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