Social impact bonds are really to shift the risk [of social service performance] away from government, but not the responsibility. At the end of the day, government pays for outcomes when they’re achieved, and they don’t pay for them when they’re not achieved.
What [social impact bonds] are about getting governments and service providers to focus on outcomes, and getting governments to focus on preventative services. It's a lot less risky than business as usual for governments. Billions are spent on social services that we don't know what the outcomes are.