Public Policy as Social Innovation: Social Impact Bonds

Daniel Edmiston , Alex Nicholls

Research output: Chapter in BookChapterResearchpeer-review

Abstract

This chapter explores in detail the evolution of social impact bonds (SIBs) in the United Kingdom as an example of social policy as social innovation. Specifically, it presents new analysis of three empirical cases in the United Kingdom. The chapter examines some key claims made by policy actors concerning SIBs as social innovation and welfare reform, specifically that they offer improved outcomes by means of innovating hybrid collaboration. The relevance of such claims in the context of addressing sites of marginalization is also discussed with reference to theoretical approaches from the Social Grid model.
Original languageEnglish
Title of host publicationCreating Economic Space for Social Innovation
Chapter12
Pages300-338
Number of pages39
ISBN (Electronic)9780191868702
DOIs
Publication statusPublished - Dec 2019

Publication series

NameOxford Scholarship Online
PublisherOxford University Press

Keywords

  • social innovation
  • marginalization
  • power
  • institutions
  • cognitive frames
  • social networks
  • capabilities approach
  • social innovation policy

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