Organisation: The Government Outcomes Lab
For the thirteenth session of Engaging with Evidence, we explored the latest findings from the evaluation of the UK's Commissioning Better Outcomes (CBO) Fund.
For this discussion we were joined by the authors of the CBO third update report, as well as a range of other experienced practitioners and researchers. During the session we focused on the six core characteristics of the social impact bonds (SIBs) supported through the CBO Fund (as synthesised in the report under the SIB Hexagon framework), and explored how the underlying motivations for developing a SIB project influence these characteristics, and how in turn they influence the delivery and impact of SIB projects.
We explored with our guest speakers practical examples of how these characteristics evolve over the course of designing and implementing a SIB, and looked at the inherent tensions and trade-offs when developing these projects, and the benefits that these characteristics or design choices can bring to the project. We also reflected on what the findings of the report mean for those designing and implementing outcomes-focused programmes in the UK and internationally.