Social Impact Bond
Location: London, United Kingdom
Launch date: 2018
Duration: 66 months
Capital raised: £4.5m
Policy area: Children’s social care
Government outcomes fund: Commissioning Better Outcomes Fund (Big Lottery Fund)
Commissioners: London Borough of Bexley (Local government), London Borough of Newham (Local government), Merton Council (Local government), Tower Hamlets Council (Local government), London Borough of Sutton (Local government), The National Lottery Community Fund
Providers: Family Psychology Mutual, Family Action, the South West London & St George’s Mental Health NHS Trust
Investors: Bridges Fund Management
Advisor: Social Finance
SIB structure: Managed
Delivery body: Positive Families Partnership
Target population: Vulnerable families
Size of cohort: 350
Outcome evaluation method: Validated administrative data
Positive Families Partnership supports families facing significant difficulties by providing therapeutic programmes designed to help address a young person’s behavioural issues and improve family functioning. The programmes are intensive, holistic interventions, based on rigorous evidence. These are:
Outcome measure A: Successful completion of the selected intervention
Outcome metric: Young person accessing MST or FFT successfully completed the intervention. This is expected to be achieved 3-5 months after the start of the intervention delivery for that individual.
Outcome measure B: Young person remains at home with the family/ caregivers rather than entering care.
Outcome metric: Quarterly measurement over two years post intervention of the number of weeks (7 consecutive days) spent at home by each individual, with a tariff payment for each day spent at home rather than in care.