Evaluation of the Aspire Social Impact Bond: Final Report

Veronica Coram, Leanne Lester, Selina Tually, Kyron Michael, Kelly McKinley, Paul Flatau, Ian Goodwin-Smith

Research output: Book/ReportCommissioned report


This report outlines the findings of an evaluation of the Aspire program and social impact bond (SIB) in Adelaide, South Australia (SA). Aspire is a homelessness intervention involving more intensive case management for a longer duration than most programs which respond to homelessness. Aspire is also unusual in that it was the first homelessness intervention in Australia to be financed by private investors through a SIB. SIBs offer opportunities for innovative new service delivery models to be trialled while minimising risks for governments and service providers. Returns to the Aspire SIB investors are based on the outcomes delivered through Aspire and the associated cost savings to the SA Government. The findings of the Aspire evaluation add to a growing body of knowledge on effective responses to homelessness and the potential role of SIBs in this area.
Original languageEnglish
Place of PublicationPerth
PublisherCentre for Social Impact
Commissioning bodyDepartment of Treasury and Finance (SA)
Number of pages223
Publication statusPublished - Aug 2022


  • homelessness
  • social impact
  • outcomes measurement
  • Housing
  • social impact bond
  • Evaluation and impact


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