Social Impact Bond
Location: London, United Kingdom
Launch date: 2018
Duration: 48 months
Capital raised: £0.59 million
Policy area: Health & wellbeing
Government outcomes fund: Life Chances Fund (Department for Digital, Culture, Media & Sports, Big Lottery Fund)
Commissioners: Ealing London Borough Council on behalf of the West London Alliance, Department for Digital, Culture, Media and Sport (DCMS) (Central government)
Providers: WDP (Charity Number: 1031602)
Investors: Big Issue Invest
Advisor: Social Finance
SIB structure: Direct
Target population: Service users will come from the following London boroughs: Barnet; Brent; Ealing; Hammersmith & Fulham; Harrow; Hillingdon; Hounslow; Kensington & Chelsea and Westminster. This will cover those aged 16-70+ who have a drug or alcohol addiction.
Size of cohort: 2410
This project will support people with drug and alcohol addictions who are out of work to gain and retain competitive, paid employment. The project will use the Individual Placement and Support (IPS) model. By supporting people with addictions into employment, this will help them to manage their dependency issues, improve their wellbeing and aid integration into society.
Used of evidence based intervention (IPS)
Individual with substance misuse issues enters paid employment.
Individual with substance misuse issues is in paid employment after 13 weeks
Individual with substance misuse issues engages with IPS employment services