bridges ventures presentation social investment (in partnership with core assets)
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Better Outcomes, Better Value
NCASOctober 2015
Children’s
Services
Youth
Homelessness
Youth
Unemployment
Health and Social
Care
Bridges Social Impact Bond FundPortfolio overview – Responding to social challenges
Bridges Social Impact Bond Fund14 social impact bonds, delivered by 22 impact focused organisations
How Outcomes Contracts Work
Outcomes-based
contract
Government High-impact intervention
External provider
How Social Impact Bonds Work
Outcomes-based
contract
Government High-impact intervention
External provider
InvestorsPays for
successful outcomes Provides working
capital/support for
Youth Unemployment
Children’s Services
Youth Homelessness
Health and Social Care
Why Use Outcomes-Based Contracts
Outcomes-based contracts can help Government achieve better results and better value-for-money
• Improve efficiency of delivery by incentivising providers to focus on results
• Improve spending effectiveness by paying directly for outcomes
• Increase flexibility for providers by focusing on the ‘what’, not the ‘how’
• Increase visibility by obtaining detailed, granular data on outcomes and costs
• Save money over time by investing in preventative services
• Improve integration of services by focusing on the social outcomes needed
The Government:
How Outcomes-Based Contracts Work
Identify cohort in
need of help
Specify desired
outcomes
Establish value of
outcomes
Create an outcomes contract
Select a provider
The service provider:
How Outcomes-Based Contracts Work
Bid for the contract
Raise working
capital (if needed)
Deliver services
Social Investors:
Working capital
Delivery support
Continuous learning to
achieve outcomes