Off Site
The payment by results Social Impact Bond pilot at HMP Peterborough
Final process evaluation report
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.
Related Products
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.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.