Hutchinson: A long-term investment

David Hutchison, chief executive of Social Finance, jointly running the payment by results rehabilitation scheme with the government, comments on the proposals:

“The Social Impact Bond aligns the interests of government, charities, social enterprises and socially motivated investors around a common goal. We are delighted to be launching the first such structure in the world here at Peterborough.

“Developing the Social Impact Bond market will take years, but we believe that with care it can enable future investment of hundreds of millions of pounds a year in these crucial areas.”