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<p>Headline findings from evidence work undertaken by Government have shown that Social
Impact Bonds can successfully address complex social problems through innovative practice
and help individuals who have multiple needs.</p><p> </p><p>Where Social Impact Bonds
have launched, they have demonstrated evidence of both improved outcomes and reductions
in high cost events, such as the entry of looked after children into residential care.
The level of impact evidence from Social Impact Bonds has also proven to be typically
higher than many government programmes.</p><p> </p><p>Government has increased funding
available for new Social Impact Bonds and it is important that these provide robust
evaluations to inform further assessment.</p><p> </p><p>The Centre for Social Impact
Bonds in DCMS continues to work with the Government Outcomes Lab at Oxford University,
a centre of expertise for Social Impact Bonds and innovative Government commissioning,
to build the evidence base for Social Impact Bonds.</p><p> </p>
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