Setting up a social impact bond requires thinking through many barriers around data and measuring success. Amy Auster is stewarding two rollouts with an eye to early intervention
“Early intervention is a bit of a nirvana,” says Amy Auster, deputy secretary economic at the Victorian Department of Treasury and Finance. Hard, but the Victorian government is still trying. It has contracted for two social impact bonds — service partnerships delivered by external providers and funded by investors, where government will pay a profit if the provider is able to achieve certain agreed targets.