Jump to ContentJump to Main Navigation
Payment by Results and Social Impact BondsOutcome-Based Payment Systems in the UK and US$
Users without a subscription are not able to see the full content.

Kevin Albertson, Chris Fox, Chris O'Leary, and Gary Painter

Print publication date: 2018

Print ISBN-13: 9781447340706

Published to Policy Press Scholarship Online: September 2018

DOI: 10.1332/policypress/9781447340706.001.0001

Show Summary Details

Payment by Results and Social Impact Bonds in the UK

Payment by Results and Social Impact Bonds in the UK

Chapter:
(p.31) Three Payment by Results and Social Impact Bonds in the UK
Source:
Payment by Results and Social Impact Bonds
Author(s):

Kevin Albertson

Chris Fox

Chris O’leary

Gary Painter

Kimberly Bailey

Jessica Labarbera

Publisher:
Policy Press
DOI:10.1332/policypress/9781447340706.003.0003

This chapter discusses the development of outcomes-based commissioning in the UK, focusing on Payment by Results (PbR) and Social Impact Bonds (SIBs). It first considers key policies that have underpinned outcomes-based commissioning in the UK since 2010 before analysing PbR programmes and SIBs in more detail, highlighting results and some of the important issues related to these areas of policy. It shows that the themes of New Public Management (NPM) and risk management are evident in the development of PbR and SIBs, whereas the theme of social innovation is present but less prominent. The chapter also provides an overview of the social investment market and two PbR programmes, namely, the Work Programme and the Troubled Families programme. Finally, it describes two SIBs: HMP Peterborough SIB and Nottingham Futures SIB.

Keywords:   outcomes-based commissioning, PbR, Payment by Results, Social Impact Bonds, New Public Management, risk management, social innovation, social investment market, Work Programme, Troubled Families programme

Policy Press Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us.