Resilience in public service partnerships: evidence from the UK Life Chances Fund

FitzGerald, Clare; Hameed, Tanyah; Rosenbach, Franziska; Macdonald, James Ruairi; Dixon, Ruth

doi:10.1080/14719037.2021.2015186

Cited by 16 publications

(11 citation statements)

References 35 publications

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“…Therefore, SIBs are theorized as a top down attempt to increase private sector involvement in the provision of previously funded by the public sector (Albertson et al, 2020). The UK pioneered the SIB concept in 2010 and remains the global leader considering that, by the end of 2020, more than 200 SIBs had been implemented worldwide, of which about forty percent were in the UK (FitzGerald et al, 2021; INDIGO, 2023). The results from Albertson et al (2018), Olson et al (2022), and Albertson et al (2022) confirm that the main driver of SIBs in the UK was public sector demand for the subcontracting of existing services with a focus on commissioning, which justifies the tendency to draw on the public administration and NPM literature.…”

Section: Discussion Of Resultsmentioning

confidence: 99%

“…SIBs are currently used in several countries to deliver social services to address recidivism, homelessness, mental health, youth unemployment and child welfare. They are not conventional bonds but can be described as collaborative partnerships between public, private and/or third‐sector stakeholders intended to achieve better social outcomes in policy areas that are poorly served by traditional public services (Fitzgerald et al, 2021). Since the launch of the first SIB in the United Kingdom in 2010, SIBs have received increasing attention from scholars, practitioners and policymakers (Fraser et al, 2018).…”

Section: Introductionmentioning

confidence: 99%

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Missing finance in social impact bond research? A bibliometric overview between past and future research

Carè

Carè²,

Lévy

et al. 2023

Corp Soc Responsibility Env

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This paper provides a bibliometric review of 156 articles published between 2011 and 2021 on social impact bonds (SIBs). We identified five research streams, namely studies that: (i) place the origins of SIBs in the neo‐liberalism framework; (ii) consider SIBs as an evolution of the new public management approach; (iii) focus on conceptualizing SIBs as an impact investment approach rooted in the social finance landscape; (iv) look at SIBs as a funding source for social entrepreneurship; and (v) detect an emerging phenomenon labeled as sustainable financial partnerships for the SDGs. Our results suggest that the current literature is strongly based on those that we have defined as a sort of UK influence, which is dominating the scientific perspective and the current use of SIBs, and that there is still less “finance‐based” research in this field. We conclude by proposing areas for future research.

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Section: Discussion Of Resultsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Missing finance in social impact bond research? A bibliometric overview between past and future research

Carè

Carè²,

Lévy

et al. 2023

Corp Soc Responsibility Env

View full text Add to dashboard Cite

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“…The literature mostly points to the lack of buy-in among public organizations as a barrier. Reasons relate to a lack of project ownership, low openness to change, clashes with values or practices among front-line workers and increased workloads Robinson, 2018;Dimitrijevska-Markoski et al, 2021;Kennedy, 2022;FitzGerald et al, 2021;Fraser et al, 2021;Gadenne et al, 2020;George et al, 2020). In the Mayday Inspire SIB, a large restructuring of the commissioner organization challenged their commitment to the SIB project (Robinson, 2018).…”

Section: Stakeholder Engagementmentioning

confidence: 99%

Barriers to social impact bond implementation: a review of evidence from the UK and US

Andersen

2023

IJPSM

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PurposeThis study investigates barriers to social impact bond (SIB) implementation through a review of academic and gray literature. A SIB is a type of public policy instrument that leverages payment for performance (P4P), contracting together with private investments in the delivery of welfare programs. Outcome-based contracts, such as SIBs, are gaining attraction for public service providers in developed countries, but research regarding their implementation remains underexplored both empirically and theoretically.Design/methodology/approachA literature review is conducted in which two types of documents are included: (1) empirical research papers and (2) evaluations of completed SIB projects. In total, 43 documents have been investigated. The study engages in a comparative design where insights across sectors (healthcare, social care and employment/education), are leveraged. The insights rest on evidence from the UK and US.FindingsThe investigation reveals five types of barriers to SIB implementation related to: (1) the SIB model, (2) organizational competencies, (3) data infrastructure, (4) stakeholder engagement and (5) the institutional context. The study discusses ways of managing these barriers and develops a conceptual framework for empirically investigating SIB implementation.Originality/valueThis study is the first academic paper to systematically assess insights regarding the implementation of SIBs. Also, the article proposes a conceptual framework for investigating SIB implementation.

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“…(i) lack of transparency: While there are multiple reports available on specific projects 20,42 or collections of projects, 43,44 the majority of the underlying data used for the analysis is not publicly accessible. The INDIGO database is a comprehensive resource on SIBs, including LCF HIBs.…”

Section: Case Study -Life Chances Fundmentioning

confidence: 99%

Seeking outcomes under tight budgets: A case for health impact bonds in Post‐COVID times

Shiva

2023

Health Planning & Management

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With global public debt at record levels, governments are facing unprecedented challenges in providing essential health services. This exploratory study aims to assess the relevance of Health Impact Bonds (HIBs) as a means of financing preventative health services during times of fiscal constraint and in the aftermath of the COVID pandemic. The study draws on a review of the literature on HIBs, along with a case study analysis of HIBs implemented in the UK. The findings of the study indicate that, although HIBs offer promise as an innovative funding tool for preventative health services in tight fiscal situations, certain challenges are limiting their broader adoption.

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Resilience in public service partnerships: evidence from the UK Life Chances Fund

Cited by 16 publications

References 35 publications

Missing finance in social impact bond research? A bibliometric overview between past and future research

Missing finance in social impact bond research? A bibliometric overview between past and future research

Barriers to social impact bond implementation: a review of evidence from the UK and US

Seeking outcomes under tight budgets: A case for health impact bonds in Post‐COVID times

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