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Life Chances Fund- Fostering Better Outcomes (Cheshire West and Chester)

Social Impact Bond

Location: Cheshire, United Kingdom

Launch date: 2018

Duration: 60 months

Capital raised: £1.09m

Policy area: Children’s social care

Government outcomes fund: Life Chances Fund (Department for Digital, Culture, Media & Sports, Big Lottery Fund)

Commissioners: Cheshire West and Chester Council, Department for Digital, Culture, Media and Sport (DCMS) (Central government)

Providers: Core Assets

Investors: Bridges Fund Management

Advisor: Social Finance

SIB structure: Direct

Target population: The project will work with four cohorts of 6-8 children per annum aged 7-17 in residential care or at risk of entering residential care to help improve their emotional well-being and overall outcomes by supporting stable, long-term placements.

Size of cohort: 30

Stage: Implementation

Intervention description

 This project will ensure that children receive the right care at the right time in their care journey. The Council will commission a service to help children transition to stable, highly-supported foster care placements. The intent is to achieve a long-term reduction in need. This may include 'stepping down' into mainstream internal or independent fostering.

Approach to Specifying Intervention

The Council will use a black box commissioning approach, and will provide an indicative example of the long-term intervention it intends to commission. The commissioned service will be expected to provide a high intensity foster care intervention, which supports children to achieve a long-term reduction in complexity and need.

Outcomes

Supporting children and young people in foster care, as an alternative to residential - weekly fee.

  • Definition: As above
  • Baseline: Based on historical data, few children are successful in 'stepping down' from residential care to Foster care. Three components: 'weekly' outcomes payment (frequency to be determined), 52 week, 104 week reward payments.
  • Maximum Payment: £94,972
  • Outcome Target (#): 30
  • Outcomes Achieved (#): N/A

Improved health, wellbeing, educational attainment.

  • Definition: As above
  • Baseline: Historical - children's outcomes are routinely evaluated as part of normal social work practice. The commissioned service will be responsible for baselining children's attainment/wellbeing and regularly reviewing outcomes
  • Maximum Payment: N/A
  • Outcome Target (#): 30
  • Outcomes Achieved (#): N/A

Further information

  • Referral Route: It will be the role of the Provider to raise awareness of the provision with Social Workers and Independent Reviewing Officers. A care planning meeting will be held in which a referral to Fostering Better Outcomes is proposed. This will be subject to Statutory Review. If a FBO placement is considered appropriate and in line with the child's wishes and feelings, a referral will be completed to the Fostering Better Outcomes Panel. 
  • Total Potential Maximum Outcomes Payments: £6,180,000
  • Date Service Delivery Started: 30/06/2018

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.