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Are Social Impact Bonds an Innovation in Finance or Do They Help Finance Social Innovation?

Tue, October 1, 2019 @ 5:30 pm - 8:00 pm

Price Center Director Gary Painter will facilitate a conversation with Dr. Chris Fox, Director of the Policy Evaluation and Research Unit at Manchester Metropolitan University, to explore new financial models that can spur innovation within social service delivery, and ultimately help improve social outcomes. This conversation builds upon findings from their 2018 book, Payment by Results and Social Impact Bonds: Outcome-based payment systems in the UK and US.


Chris Fox
Professor of Evaluation and Policy Analysis
Manchester Metropolitan University

Chris is Professor of Evaluation and Policy Analysis at Manchester Metropolitan University where he is also Director of the Policy Evaluation and Research Unit and co-lead of Metropolis – an academic-led think tank.

Chris is involved in a wide range of evaluation and research projects in a number of policy areas including criminal justice, social investment and welfare reform. His recent books include ‘An Introduction to Evaluation’ (published by Sage) and ‘Payment by results and social impact bonds: Outcome-based payment systems in the UK and US’ (published by Policy Press).

Chris is also:

  • A member of HM Inspectorate of Probation Advisory Board
  • A Trustee of Coaching Inside and Out (CIAO)
  • UK National Liaison Official for the European Centre for Social Welfare Policy and Research (UN-affiliated body)
  • Chair of Governors of a small primary school Federation

He teaches on the following modules:

  • Policy (MA Applied Criminology)
  • Quantitative Impact Evaluation (MsC Applied Quantitative Methods)
  • Evidence, Policy and Evaluation (MsC Urban Studies – new for 2019/2020

Gary Painter
USC Price Center for Social Innovation

Gary Painter is a Professor in the Sol Price School of Public Policy at the University of Southern California.  He also serves as the Director of the Sol Price Center for Social Innovation and the Homelessness Policy Research Institute.  He recently published a co-authored book entitled, “Payment by Results and Social Impact Bonds: Outcome-based Payment Systems in the UK and US.” He has published numerous articles in top journals such as the Review of Economics and Statistics, Journal of Urban Economics, Urban Studies, Journal of Human Resources, Journal of Policy Analysis and Management, Real Estate Economics, Journal of Real Estate Finance and Economics, and Regional Science and Urban Economics.

Professor Painter is a leading figure in the field of social innovation.  In addition to his recent book, he works extensively with a variety of social innovation organizations and collective impact networks to address some of the grand challenges that society faces.  His current research focuses on how to activate the social innovation process. Professor Painter also has extensive expertise in housing, urban economics, and education policy, which shapes his research on how the social innovation process can identify new models of social change within these complex policy areas.



Tue, October 1, 2019
5:30 pm - 8:00 pm
Event Category:


CA United States + Google Map