Social impact bonds: self-assessment tool
The purpose of the SIB self-assessment tool is to provide an indication of where the challenges and opportunities would lie in developing a successful Social Impact Bond.
The tool asks a number of questions related to:
- The social issue you want to address
- The current cost to the Government related to the social issue
- The target population
- The potential outcome metric
- The counterfactual or baseline
- The intervention program
Responses to these questions are used to calculate a score and to provide you with a high-level assessment of viability. It should be noted that:
- It may well be difficult to answer all the questions accurately, particularly in relation to government costs. Treat the exercise as a ‘back of the envelope’ reasonableness check.
- The assessment and weightings used in this tool are subjective and based on our current view on the criteria used.
- The score provided should be treated as purely indicative. A low score does not mean that a SIB is definitely not viable. Equally, a high score does not mean that it definitely is viable.
Download the self-assessment tool (Excel, 2.3 MB)