Federal Reserve Bank of San Francisco

Community Development

Translating Plain English: Can the Peterborough Social Impact Bond Construct Apply Stateside?


March 2011

Community Development Investment Review

In September 2010, the United Kingdom government partnered with Social Finance, Ltd. to break new ground in financing for the nonprofit sector with its pilot program to reduce recidivism in the Peterborough prison. Dubbed the “Social Impact Bond,” or SIB for short, the instrument links private capital to the success of social programs.

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