有一项数据值得我们关注：在英国，63%经历过短期监禁的犯罪者会在出狱一年内再次犯罪、入狱。要想帮助他们在社会上站稳脚跟，需要职业培训以及各种课程和治疗。这意味着巨额的支出--但政府没有资金。Toby Eccles和我们分享了一个改变现状的创意：社会效益债券。这不是一般意义上的债券，它通过募集私人资本以支付带有社会目的的项目。如果这些项目取得了成功，政府将向投资者支付本金和利息。

投资社会变革

A staggering 63 percent of men released from short-term prison sentences in Britain re-offend within a year, costing society dearly. Social impact bonds offer a new model: private investors fund programs to reduce re-offending, and governments repay them only if the programs succeed. This approach allows innovation, rigorous outcome measurement, and flexible adaptation, while unlocking resources for social change that traditional funding cannot provide. Everyone wins—society, government, service providers, investors, and the people at risk.