Understanding social investment policy : evidence from the evaluation of Futurebuilders in England

WELLS, Peter (2012). Understanding social investment policy : evidence from the evaluation of Futurebuilders in England. Voluntary Sector Review, 3 (2), 157-177.

[img]
Preview
PDF
Wells_-_forthcoming-Understanding_Social_Investment_Policy_evidence_from_the_evaluation_of_Futurebuilders_in_England.pdf - Accepted Version

Download (332kB) | Preview
Official URL: http://dx.doi.org/10.1332/204080512X649342
Link to published version:: 10.1332/204080512X649342

Abstract

The concept of social investment has attracted interest from policy makers, financial markets and not-for-profit organisations. It is an emergent notion that is multifaceted and includes different market forms, policy responses and institutional configurations. There is relatively little empirical evidence on the design, implementation and impacts of the various initiatives that have been perceived as falling within the field of social investment. This article begins to address this gap. It draws on the national evaluation of Futurebuilders in England, which was undertaken between 2005 and 2010. At the time, Futurebuilders was one of the largest examples of a public policy initiative to support social investment; based on a policy model of government seeking to promote the use of loan funding to third sector organisations as part of a wider agenda of expanding the sector's role in the delivery of public services. The article explores the effects of the programme on the third sector, on public service delivery and on service users. In conclusion, the article challenges some of the assumptions of this policy model, as well as the potential for 'impact investing' to become a framework for welfare provision.

Item Type: Article
Additional Information:

This is a post-peer-review, pre-copy edited version of an article published in Voluntary sector review. The definitive publisher-authenticated version WELLS, Peter (2012). Understanding social investment policy : evidence from the evaluation of Futurebuilders in England. Voluntary Sector Review, 3 (2), 157-177. is available online at: http://dx.doi.org/10.1332/204080512X649342

Readers must not cite authors post-print

Research Institute, Centre or Group: Centre for Regional Economic and Social Research
Identification Number: 10.1332/204080512X649342
Depositing User: Emma Smith
Date Deposited: 19 Sep 2012 08:58
Last Modified: 20 Aug 2015 21:30
URI: http://shura.shu.ac.uk/id/eprint/5746

Actions (login required)

View Item View Item

Downloads

Downloads per month over past year

View more statistics