Stage of development: Implementation
Policy sector: Education
Start date of service provision: Sep 2021
Capital raised (minimum): CAD 3.40m (USD 2.56m)
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.
Service Providers
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