Core Assets and Bridges Ventures hosted a fringe event at #NCASC2015. This covered how Social Investment is being used to support projects for vulnerable groups of Children, Young People and Adults with Core Assets, Ways to Wellness and Teens & Toddlers.

1. Better Outcomes, Better Value
NCAS
October 2015

2. Children’s
Services
Youth
Homelessness
Youth
Unemployment
Health and Social
Care
Bridges Social Impact Bond Fund
Portfolio overview – Responding to social challenges

3. Bridges Social Impact Bond Fund
14 social impact bonds, delivered by 22 impact focused organisations

4. How Outcomes Contracts Work
Outcomes-
based
contract
Government High-impact
intervention
External
provider

5. How Social Impact Bonds Work
Outcomes-
based
contract
Government High-impact
intervention
External
provider
Investors
Pays for
successful
outcomes Provides working
capital/support for

6. Youth Unemployment

7. Children’s Services

8. Youth Homelessness

9. Health and Social Care

10. 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

11. 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

12. 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