Councils urged to shift bond motivation

By Dan Peters | 20 June 2018

English local authorities have been urged to shift their motivation for implementing social impact bonds (SIBs) to unleash the creative potential of the tool.

A survey of councils by consultancy Traverse found SIBs were most commonly found in children’s social care (76%).

Some 59% of local authorities that use SIBs expect to implement more in future while 53% that currently do not believe their council will in future.

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Childrens services Finance