Technical Guide: Building a Business Case for Prevention

Technical Guide: Building a Business Case for Prevention
Social Finance Social Finance, London. 2014

Project ID (Internal) 192
Project Status completed
Full Reference (text) Social Finance (2014) Technical guide: building a business case for prevention. Social Finance Report. [The report can be accessed here]
Full Reference (URL)
Summary / Abstract

This guide sets out the issues that need to be considered when developing a business case to invest in preventive services and to ensure that any decision are based on robust and reliable data. The guide focuses on the following arguments: the importance of ‘investing to save’, arguing that prevention is cheaper in the long term; promotion of service innovation; placing the focus of commissioning on outcomes rather than outputs; and managing a shift in spending from acute to prevention to reduce demand over time. The guide outlines key four activities required to build a business case: understanding needs; understanding current costs; assessing possible interventions; and deciding how to measure the value and outcome of the interventions. It also provides a summary business case for prevention and using a Social Impact Bond (SBI) to finance a business case for prevention. An example case study of making a business case for prevention services in early years services in Greater Manchester is included.

Publication Title Technical Guide: Building a Business Case for Prevention
Author(s) Social Finance
Publication Details Social Finance, London.
Publication Year / End of Project 2014
Last Accessed 03/01/2019 12:00 am

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