Procurement: Social Impact Bonds

Cabinet Office written question – answered on 13th March 2019.

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Photo of Tim Loughton Tim Loughton Conservative, East Worthing and Shoreham

What plans he has to use social impact bonds in Government procurement.

Photo of Oliver Dowden Oliver Dowden The Parliamentary Secretary, Cabinet Office

On Monday, I spoke at the Social Value Summit, where I outlined our commitment to recognising social value in major government procurements. Social Impact Bonds, which this Government has pioneered since 2010, are an important part of our commitment to social value, and we encourage contracting authorities to use them in public procurement wherever appropriate.

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