The payment by results Social Impact Bond pilot at HMP Peterborough

Final process evaluation report

by Emma Disley, Chris Giacomantonio, Kristy Kruithof, Megan Sim

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.

Table of Contents

  • Chapter One

    Summary

  • Chapter Two

    Introduction

  • Chapter Three

    Aims of this research

  • Chapter Four

    A description of the One Service intervention

  • Chapter Five

    Findings from interviews with One Service cohort members and case file review

  • Chapter Six

    Wider benefits from and innovation in the Peterborough pilot

  • Chapter Seven

    Conclusions and lessons for future payment by results and Social Impact Bond schemes

Research conducted by

The research described in this report was prepared for the Ministry of Justice and conducted by RAND Europe.

This report is part of the RAND Corporation research report series. RAND reports present research findings and objective analysis that address the challenges facing the public and private sectors. All RAND reports undergo rigorous peer review to ensure high standards for research quality and objectivity.

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