Yesterday we had another government public service modernisation strategy, Frontline First, which contains a couple of very interesting ideas likely to attract attention. In 2010 government says it will:
- Build a stronger civic society and give communities more say in shaping public services. We will map civic health in every community through a new Civil Health Index, transfer more public assets to the third sector, and develop new ways of providing capital to civic society organisations - such as through a new social investment wholesale bank and piloting Social Impact Bonds.
The idea of social impact bonds is to reward social investors for work that reduces future social costs.
Social Impact Bonds seek to drive significant non-government investment into addressing the causes of deep-rooted social problems with returns generated from a proportion of the related reduction in spending on acute services. The ambition is to create positive government spending cycles that enable significant tax payer savings through improved social outcomes. (Social Finance report).
There's no detail about the proposal for a Civic Health Index in the UK and an annual Civic Health report. It sounds a bit like an idea I had about 8 years ago for a local community index. Maybe that will follow in time.
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