Procurement: Social Impact Bonds:Written question - 909774

Q
Asked by Tim Loughton
(East Worthing and Shoreham)
[N]
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Named Day

'Named day' questions only occur in the House of Commons. The MP tabling the question specifies the date on which they should receive an answer. MPs may not table more than five named day questions on a single day.

Asked on: 13 March 2019
Cabinet Office
Procurement: Social Impact Bonds
Commons
What plans he has to use social impact bonds in Government procurement.
A
Answered by: Oliver Dowden
Answered on: 13 March 2019

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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