Payment by Results (PbR) contracting brings opportunities, but also challenges. It is not uncommon for commissioners to try to use familiar processes for traditional commissioning when embarking on a PbR contract, but this can lead to results that are unduly burdensome or expensive.
We offer training, workshops and technical assistance on PbR contracting and Social Impact Bonds.
We can help you:
We seek to offer insight and analysis not only on commissioning with PbR and social impact bonds, but a more strategic look at the risks and rewards of utilising social investment.
iforchange would be happy to discuss any of these with you.
The Cabinet Office’s Social Outcomes Fund and the Big Lottery Fund’s Commissioning Better Outcomes fund have a joint mission – and £60m – to support the development of more social impact bonds and similar investments.
The Local Government Association (LGA) and Social Finance have been appointed by the Big Lottery Fund to assist those interested in developing a social impact bond to put together an initial proposal and submit a formal Expression of Interest to these two funds. As part of this, you can ask for between £10,000 and £150,000 of development funding to purchase technical support to develop your social impact bond.
iforchange is on the database of suppliers of technical assistance for organisations that successfully pass the Expression of Interest stage. Technical assistance after this stage could include, for example:
Although the LGA and Social Finance will be in place to assist you with submitting your Expression of Interest, please do feel free to contact us beforehand for an independent point of view without obligation.