A public policy think tank is pushing the Government to take advantage of social impact bonds.

The model means the Government only pays providers when they achieve results for a particular problem.  

It had previously been used for the Genesis Youth Trust, which reduced youth reoffending by 30%.  

Maxim Institute Researcher Thomas Scrimgeour told Mike Hosking the beauty of social impact bonds is that it allows highly flexible and customisable interventions. 

He says you can target the people who are most vulnerable, not just the easy options.  

LISTEN ABOVE 

See omnystudio.com/listener for privacy information.