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The Ministry of Justice has commissioned Social Finance Ltd to run the Social Impact Bond at Peterborough prison for a maximum period of six years from September 2010. It will target three cohorts of short sentence prisoners, each containing around 1,000 offenders, one after the other. The length of each cohort will be dependent on the length of time required for 1,000 unique individuals to be released from Peterborough prison, up to a maximum of 24 months.
The results from the final cohort are expected to be published in 2018, as a time-lag is required to assess the reconvictions of the offender cohorts.