WHY IT WORKS
AND EFFECTIVE PARTNERSHIPS
Outcomes-based contracts support closer, more collaborative partnerships between Government, the social sector and social investors – with clear alignment around specific impact goals.
For delivery organisations, this approach creates the financial security, the data-driven insight and the flexibility they need to adapt and tailor their programmes to their particular circumstances – while also giving them a strong incentive to deliver the best possible results for service users.
For commissioners, it’s also a way to tap into flexible, mission-aligned project finance and additional project management resource. Bridges provides this fully at-risk: unless the project delivers demonstrably better outcomes than existing services, the additional cost to the commissioner should be zero.
Outcomes contracts are already helping commissioners drive delivery innovation, improved results and better value-for-money from existing services, while also experimenting with new approaches and getting a better understanding of what works.
HOW OUTCOMES CONTRACTS DRIVE VALUE
See how Fusion Housing was able to innovate and improve the lives of young people at risk of homelessness in West Yorkshire, after switching to an outcomes-based model.
EVOLUTION OF SOCIAL OUTCOMES CONTRACTS
Faster, simpler, cheaper: the evolution of outcomes contracts from 'social impact bonds' over the last ten years.