Social Impact Bond
Location: Yorkshire and Humber, United Kingdom
Launch date: 2018
Duration: 72 months
Capital raised: £0.45m
Policy area: Education
Government outcomes fund: Life Chances Fund (Department for Digital, Culture, Media & Sports, Big Lottery Fund)
Commissioners: Doncaster Metropolitan Borough Council (DMBC), Department for Digital, Culture, Media and Sport (DCMS) (Central government)
Providers: Big Picture Learning UK
Investors: Big Issue Invest
Advisor: Future Public
SIB structure: Intermediated
Target population: 11 to 16 year olds in Doncaster, identified as having low social mobility, at risk of becoming NEET.
Size of cohort: 220
The project seeks to address poor school attendance and education attainment amongst 11 to 16 year olds in Doncaster, identified as having low social mobility, at risk of becoming NEET. It is an innovative educational model called Big Picture Learning (BPL). BPL uses young peoples (YP’s) interests to engage YP, support progression in learning and increase resilience. BPL is a model developed in the USA and deployed to great success in over 65 schools with young people from disadvantaged communities. BPL is a licensed provision, of which Innovation Unit is the sole license holder in the UK. This is the first time it will be applied in a UK context.
The percentage of students who are inducted into the provision and have a complete and operational personal learning plan in place.
Percentage of students achieving the expected progress (against baseline), as measured against their personal learning plan
Percentage of students achieving targeted attendance
Increased resilience: the percentage of students maintaining or improving their STEN score on MTQ48 by =0/+0.2 against baseline
More detailed information on this project can be found in the Data Template Excel sheet linked below, with a full list of sources. All fields are defined according to our data dictionary.