Social Impact Bond
Location: Cornwall, United Kingdom
Launch date: 2018
Duration: 60 months
Capital raised: £0.4m
Policy area: Health & wellbeing
Government outcomes fund: Life Chances Fund (Department for Digital, Culture, Media & Sports, Big Lottery Fund)
Commissioners: Cornwall County Council, Department for Digital, Culture, Media and Sport (DCMS) (Central government)
Providers: Addaction (Charity Number: 1001957)
Investors: Big Issue Invest
Advisor: Numbers for Good
SIB structure: Direct
Target population: Adults aged 18 – 70 with drug/alcohol issues and additional complex issues (including mental ill health, physical health problems or homelessness) in Cornwall.
Size of cohort: 705
This five year project will develop a SIB to reduce the very frequent avoidable A&E attendance by people with drug/alcohol problems and additional complex problems (including mental ill health, physical health problems or homelessness) in Cornwall. Target beneficiaries often have chaotic lives and struggle to engage with mainstream support services.
60% reduction in A&E attendance
Individual has sustained 60% reduction in A&E attendance
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.