Cover: The payment by results Social Impact Bond pilot at HMP Peterborough

The payment by results Social Impact Bond pilot at HMP Peterborough

Final process evaluation report

Published Feb 26, 2016

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.

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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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