Attracting investors for public health programmes with social impact bonds

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Social impact bonds (SIBs) have emerged as an innovative financing mechanism. This paper explores how health SIBs align with investors’ expectations and the conditions required to attract investors. At present, health SIBs are unlikely to provide sufficient financial returns given their financial risk to attract mainstream investors, so may be better suited to investors who are prepared to accept lower financial returns blended with particular health impact returns.

Original languageEnglish
Pages (from-to)225-236
Number of pages12
JournalPublic Money and Management
Issue number3
Publication statusPublished - 13 Feb 2020


  • Impact investment
  • investment decision-making
  • non-government investment
  • public health expenditure
  • Social Impact Bonds (SIBs)

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