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Social Outcomes Contract / Social Impact Bond Contract Template

DRAFT for Social Outcomes Conference 2021 September 2021 (V2.0)

This September 2021 draft is a suggested revision to the UK Government’s Social Impact Bond Contract Template. It was shared for discussion at the Social Outcomes Conference 2021. Please send feedback on this draft suggested template to with the subject line “For Oxford POGO Club.”

This draft is prepared by members of the Oxford POGO Club Contract Templates Working Group. POGO refers to the Procurement of Government Outcomes. The Oxford POGO Club is a peer learning initiative at the University of Oxford, Blavatnik School of Government, Government Outcomes Lab (GO Lab). The GO Lab is supported in part by a grant from the UK Department of Digital Media and Sport and the University of Oxford. For more information on the Oxford POGO Club visit

Disclaimer: No warranty or representation of any kind, whether express or implied, is given by the University of Oxford, the Blavatnik School of Government, or any member of the Oxford POGO Club or their employer(s) as to the completeness of this document or its suitability for any purpose. This draft template document, including the guidance and drafting notes, is intended to be used only with legal advice and neither the University of Oxford nor any member of the Oxford POGO Club Contracts Templates Working Group or their employer(s) accept responsibility or liability to any person in relation to the use of this document. While the members of the POGO Contracts Templates Working Group have worked collaboratively on the development of this template, it may not represent the views of each of the individual members of the group.

Drafting was led by the Oxford POGO Club Contract Templates Working Group co-chairs Daniella Jammes (Freshfields Bruckhaus Deringer LLP) and James Ruairi Macdonald (University of Oxford). The co-chairs are grateful to all working group members and contributors especially: Joy Amis (Herbert Smith Freehills LLP), Iciar Ania, (Bridges Fund Management), Flora Baillie (Freshfields Bruckhaus Deringer LLP), Nigel Ball, (University of Oxford). Julian Blake (Stone King LLP), Matthew Dodwell (Freshfields Bruckhaus Deringer LLP), Miléna Castellnou (Education Outcomes Fund), Jonathan Flory (Social Finance UK), Mayra Gramani (University of Oxford), David Hunter (Bates Wells), Andrzej Janiszewski (Reed Smith), Duncan Kellaway (Freshfields Bruckhaus Deringer LLP), Ben Murphy (Hillside Family of Agencies), Sadiq Mussani (Social Finance UK), Eloise Rennie (Freshfields Bruckhaus Deringer LLP), Mark Roddan (local authority procurement professional and Government Outcomes Lab Fellow of Practice), Conor Sullivan (Bridges Fund Management), Jennifer White-Callaghan (Allen & Overy LLP). The Oxford POGO Club Contract Templates Working Group and contributors represent a range of professions -- both lawyers and non-lawyers.

This draft is published by the University of Oxford’s Government Outcomes Lab under the Creative Commons Attribution 4.0 International License. Subject to the disclaimer above, you are free to use this draft material on the terms of the license, which is available here: