Social impact bonds: why they don't work and why we still need them - Bates Wells
CFG Finance Focus, October 2018
David Hunter, consultant at Bates Wells examines the role of Social Impact Bonds (SIBs) and how they could have an important role to play in tackling disadvantage within society.
Within the article, David believes that SIBs will not, in isolation, be effective to address serious underlying social issues because wider systematic changes are required in order to make them effective. It is argued that SIBs can still have an important role to play in delivering services to society, in the absence of meaningful engagement with the systematic challenge of poverty. However, David argues that real innovations in the provisions of social services and other societal and regulatory changes are required before SIBs can reach their full potential.
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