Social Impact Bonds: Exploring and Understanding an Emerging Funding Approach

This Routledge chapter offers an exploration and understanding of Social Impact Bonds (SIBs) as an emerging funding approach. It delves into their relationship with impact investment and examines the concept of social value creation within this framework. The authors provide a critical approach to SIBs, analysing their potential and limitations as a tool for financing social interventions and achieving measurable impact.