The Social Outcomes Fund (SOF), launched in 2012, was the world’s first Social Impact Bond (SIB) linked to government outcomes. This £20m fund catalysed the use of SIBs to address complex social issues in the UK by helping to align local and central government budgets. Today, the UK has had over 50 SIBs helping to improve people’s lives across the UK, and a substantial proportion of this growth has been stimulated by SOF.
Innovation Tag: Futures and Foresight
The ground-breaking 100,000 Genomes Project is a highly ambitious programme that has established the UK as the global leader in genomic medicine. Focussing on rare diseases and common cancers, the Project provided a proof of concept for establishing a fully integrated Genomic Medicine Service in the UK National Health Service, the first health service in the world to offer whole genome sequencing for some conditions.