Social Impact Bond
Location: Suffolk, United Kingdom
Launch date: 2018
Duration: 60 months
Capital raised: £3.16m
Policy area: Children’s social care
Government outcomes fund: Life Chances Fund (Department for Digital, Culture, Media & Sports, Big Lottery Fund)
Commissioners: Suffolk County Council, Department for Digital, Culture, Media and Sport (DCMS) (Central government)
Providers: Family Psychology Mutual
Investors: Bridges Fund Management
SIB structure: Direct
Target population: NEET young people aged 16 to 24 across Suffolk.
Size of cohort: 256
The SIB will deliver an extension of the existing service across the whole of Suffolk. It will look to widen the service and look to find innovative ideas to engage with a wider cohort of young people. The service will pay particular attention to supporting young people age 16-25 with Special Educational Needs and Disabilities (SEND), as well as care leavers.
Signs of Safety Practice framework specified by Suffolk County Council.
Young Person does not enter care and sustainably remains living in the Care of their family
Young person that has entered Care is sustainably reunified with their family in a timely way
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.