News from ONE

New York Times: The Promise of Social Impact Bonds

When a government needs to invest in an expensive capital project — a new sewer system, bridge or highway — it issues bonds. Bonds raise upfront money from private sector investors, who are then paid back with interest from the tolls or charges the project will generate.

Until now, no one ever issued a bond to invest in people like Popeye.
Popeye is a short, bearded man of 59 who often wears an earring and a cap.His real name is Robert Innes, but he acquired the nickname 25 years ago in prison.

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Peterborough Evening Telegraph: HMP Peterborough rehab pilot ‘working’

A former criminal says he is taking steps in getting his life back on track thanks to a rehabilitation project being piloted in Peterborough.

The former inmate of HMP Peterborough, named only as “Kieron”, spoke yesterday at a briefing to mark the one-year anniversary of the prison’s six-year pilot of the Social Impact Bond (SIB).

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BBC News: Private backers fund scheme to cut prisoner reoffending

A "payment-by-results" pilot project aimed at cutting reoffending has officially been launched.

Investors have put £5m in social impact bonds to fund rehabilitation work with 3,000 Peterborough Prison inmates.

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