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Alex Nicholls, Rob Paton, and Jed Emerson

Print publication date: 2015

Print ISBN-13: 9780198703761

Published to Oxford Scholarship Online: December 2015

DOI: 10.1093/acprof:oso/9780198703761.001.0001

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The Peterborough Pilot Social Impact Bond

The Peterborough Pilot Social Impact Bond

(p.335) 12 The Peterborough Pilot Social Impact Bond
Social Finance

Alex Nicholls

Emma Tomkinson

Oxford University Press

This is a detailed case analysis of the world’s first SIB, based at Her Majesty’s Prison in Peterborough, UK. This chapter starts by defining the SIB model and its key constituent parts. Next, the chapter sketches in the historical context that provides the background to the emergence of the SIB. The third section examines the Peterborough Pilot SIB in some detail. After this, the evolution of SIBs globally is discussed. Conclusions consider some of the issues that have emerged as the first SIB has been implemented. The chapter closes with a postscript reflecting on key issues that developed in 2014.

Keywords:   Social Impact Bond, Development Impact Bond, pay for success, pay by results, Peterborough Prison

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