This monthly policy briefing covers the latest on the Transforming Rehabilitation, including out reflections. It also shares blog pieces from social impact bonds around the world, from the US, Canada and Australia. If you are interested in getting updates each Monday, sign up at https://tinyletter.com/ukgolab
Two key publications and reflections
1. Transforming Rehabilitation
Government reportTransforming rehabilitation: progress review – This report by the Public Accounts Committee (PAC) highlights the failure of the MoJ to deliver its ‘rehabilitation revolution’ and how probation services were left underfunded, fragile, and lacking the confidence of the courts. It also states that the failure of the government’s probation reform programme was spreads beyond the Ministry of Justice. Read the summary here.
GO Lab Reflecting on the Transforming Rehabilitation experiment – The Public Accounts Committee (PAC) just published a damning report about Transforming Rehabilitation. We share our thoughts about this experiment and reflect on the risks taken. GO Lab
2. SIBs in the UK, US and Canada
Academic reportFrom visions of promise to signs of struggle: social impact bonds in Canada, the US, and UK – A new report has been published by York University, Toronto about social impact bonds. It looks at the common dilemma for SIBs and outlines six principles for the future of SIBs based on what they found. An interesting read and a different perspective. York University
GO Lab James Williams is the author of this and he has written a guest blog for the GO Lab. He is an Associate Professor at the Department of Social Sciences at York University. He shares insights from the last three years of travelling through the ‘SIB space’. GO Lab
Thought pieces
OpinionManchester’s mayor uses new powers to tackle homelessness - This article in The Economist looks at rough sleeping and the social impact bonds in Manchester. It questions whether Andy Burnham, mayor of Manchester is able to stick to his promise of eliminating homelessness by 2020. Note: This is a subscription website and this article is also in the print edition.The Economist
OpinionCapital for justice: spurring on impact investing for racial equity – Part of a series of articles about racial equity and impact investing, this piece looks at how the Ford Foundation are looking for new ways to unlock more capital and more justice towards greater equity, progress and prosperity. Stanford Social Innovation Review
News from abroad
AustraliaSocial impact bonds: a letter from the frontline - This is the first of a two part article that looks at Social Ventures Australia’s work with SIBs and outcomes approaches. Elyse Sainty was the leader of this and she shares her reflections and insights. She emphasises that the SIB work has been worthwhile but there are caveats. In part one she shares challenges and myths about SIBs. Analysis and Policy Observatory
Report Pay for success: the first 25 – This is a detailed, comparative analysis of the first 25 pay for success projects to launch in the US. This report highlights lessons and contributions from these pioneering projects along with case studies and tables that look at the projects structure, results, payments and more. Nonprofit Finance Fund
Event Government outsourcing: what can the UK learn from Australia – On Monday 3rdJune the Institute for Government are hosting an event about government outsourcing with Professor Gary Sturgess, former Cabinet Secretary in Australia. You can also watch the livestream. Institute for Government
Event Implementation Week 2019 – On 15-19th July the UK Implementation Society are hosting an Implementation Week supporting Kings College London. This year’s theme will explore ‘Advancing the science of scaling up: Improving efficiency and effectiveness of implementation strategies in healthcare’. We are particularly interested in Friday 19th ‘Implementing evidence in practice’. UK Implementation Society
Concept note Innovative disaster risk reduction Investment modalities – The global platform for disaster risk reduction are meeting on 16th May to discuss innovative investment approaches. Social impact bonds are considered one of these innovative approaches along with green bonds and mini bonds. View their concept note for more information. Prevention Web