Better outcomes and better value for Government

When commissioning services for vulnerable people, the Government is increasingly looking to structure contracts on an ‘outcomes’ – or payment-by-results – basis.

We believe that this is a powerful way for the Government to understand what’s working and drive better results within key policy areas – because it gives service providers more freedom to innovate, as well as a strong incentive to over-deliver.

Through social impact bonds, Bridges (and others) can support social sector organisations to deliver these outcomes contracts – by providing working capital to fund the programme, plus any additional management resource required. This gives the Government a wider choice of providers.

We focus on four areas – youth employment, children’s services, homelessness and health/social care – where SIB-backed programmes are already changing the lives of some of our most vulnerable young people.

Portfolio

  • Positive Families Partnership

  • Greater Manchester Homes Partnership (GMHP)

  • Mayday Homelessness

  • Single Homeless Prevention Service (SHPS) Brent

  • West London Zone

  • HCT Travel Training

  • Ways to Wellness

  • Depaul UK

  • Fusion Housing

  • St Basils

  • Core Assets

  • Manchester Treatment Foster Care

  • It’s All About Me (IAAM)

  • Teens and Toddlers Innovation

  • Essex Family Therapy

  • Career Connect

  • Community Links

The introduction of SIBs for dealing with complex homeless clients has really enabled a long-term focus on the individual and the specific interventions needed to help them turn their lives around. This is very hard to achieve with more traditional commissioning tied to accommodation or the provision of a defined service.
Tim Gray, Department for Communities & Local Government

 

 

What we offer

  • Mission-aligned capital to fund programmes commissioned via outcomes contracts
  • Strategic and operational support from an experienced team
  • Proven track record of working with high-impact organisations
  • Expertise in impact measurement, reporting and communications
  • Lessons from other SIBs around the UK

 

 

Better Outcomes, Better Value

Our latest report argues that SIBs have huge potential in the UK – but they need to keep getting simpler, faster and cheaper to fulfil this potential.

Read it here

Latest News & Views

Looking to commission an outcomes-based contract? Get in touch.