From block grant to spot purchasing

I went to an excellent seminar the other day, in which Bristol City Council’s health and social care commissioning team explained key changes in how they are going to fund various organisations around the city. But while the changes make sense financially and in terms of service user choice, they could spell problems for the provider organisations concerned. Continue reading

Social Impact Bonds: What’s the deal?

They are being touted in some quarters as the solution to the funding crisis in public services. A way of bringing private sector investment to address social issues. Perhaps, even, as the successor to the Private Finance Initiative (PFI). But what are social impact bonds and how do they work? Continue reading