Stage of development: Implementation
Policy sector: Education
Start date of service provision: Sep 2021
Capital raised (minimum): CAD 3.40m (USD 2.56m)
Max potential outcome payment: CAD 4.50m
This is target investment commitment according to source2.
Service users: 1k+ individuals
The Alternative Suspension Social Impact Bond (SIB) is an outcomes-based financing agreement that seeks to reduce school dropouts rates among youths aged 12–17, and act as a deterrence for repeated suspensions. The Programme supports secondary-level students who have been temporarily dismissed from the school setting through a three (3) to five (5) day offsite program. Students receive support with schoolwork, participate in group workshops, and engage in individual counselling, building autonomy and self-esteem throughout.
The programme welcomes youth between the ages of 10 to 17, who are confronted with significant risk factors in their personal and academic lives. Program participants are referred to the program by pre-identified, participating secondary level schools in each program community.
INDIGO data are shared for research and policy analysis purposes. INDIGO data can be used to support a range of insights, for example, to understand the social outcomes that projects aim to improve, the network of organisations across projects, trends, scales, timelines and summary information. The collaborative system by which we collect, process, and share data is designed to advance data-sharing norms, harmonise data definitions and improve data use. These data are NOT shared for auditing, investment, or legal purposes. Please independently verify any data that you might use in decision making. We provide no guarantees or assurances as to the quality of these data. Data may be inaccurate, incomplete, inconsistent, and/or not current for various reasons: INDIGO is a collaborative and iterative initiative that mostly relies on projects all over the world volunteering to share their data. We have a system for processing information and try to attribute data to named sources, but we do not audit, cross-check, or verify all information provided to us. It takes time and resources to share data, which may not have been included in a project’s budget. Many of the projects are ongoing and timely updates may not be available. Different people may have different interpretations of data items and definitions. Even when data are high quality, interpretation or generalisation to different contexts may not be possible and/or requires additional information and/or expertise. Help us improve our data quality: email us at indigo@bsg.ox.ac.uk if you have data on new projects, changes or performance updates on current projects, clarifications or corrections on our data, and/or confidentiality or sensitivity notices. Please also give input via the INDIGO Data Definitions Improvement Tool and INDIGO Feedback Questionnaire.