Government seeks ‘bond’ investors willing to bet on social outcomes

Wed, 23 Oct 2013

Jonathan Underhill Oct. 24 (BusinessDesk) – The government has approved a Ministry of Health pilot to test the appetite of healthcare providers and investors for social impact bonds which would only pay out on measurably improved social outcomes such as reductions in alcohol and drug use or teenage pregnancy. The pilot follows a handful of trial schemes overseas including a 5 million pound programme to reduce recidivism at the UK’s Peterborough prison, a US$9.6 million, four-year programme to reduce reoffending among incarcerated youths at N...

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