Social impact bonds, and in an international context, development impact bonds have garnered much media attention in the last few years, yet even among people who have heard of them, there is not always a great depth of understanding.
iforchange worked with a group of investors on the social impact bond for London’s rough sleepers.
Delivery of the project work started in November 2012, and two and a half years in, the investors remain happy.
On the following pages there is a primer on how they work, on the current state of the market, and an example of an actual social impact bond which iforchange worked on.