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Life Chances Fund- Vulnerable Child Project (Norfolk)

Social Impact Bond

Location: Norfolk, United Kingdom

Launch date: 2019

Duration: 60 months

Capital raised: £7.2m

Policy area: Children’s social care

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

Commissioners: Norfolk County Council (Local government), Department for Digital, Culture, Media and Sport (DCMS) (Central government)

Providers: Family Psychology Mutual

Investors: Bridges Fund Management

SIB structure: Intermediated

Target population: Children and young people (C&YP) aged 8-15 are in care. The project specifically targets young people who are at risk of entry into care where the family is experiencing dysfunction and where care could be avoided through intensive interventions.

Size of cohort: 400

Stage: Implementation

Intervention description

Norfolk County Council (NCC) aim to reduce the number of days children and young people (C&YP) aged 8-15 are in care.  This will generate savings to the council and also keep C&YP in the family home. There will be improvements to C&YPs school attendance, educational attainment and emotional wellbeing.

Approach to specifying intervention 

Short of a total 'black box' approach, providers will deliver an intervention within a specification with key criteria including: a strong evidence base, a fidelity based model, capability to become a part of the local service system

Outcomes

The number of care days saved over a 33% deadweight threshold

  • Definition: As above
  • Baseline: The average stay in care for young people aged 8 to 15 years (2 years 11 months). A counterfactual will operate for the edge of care cohort to reflect expected levels of care entry.
  • Maximum Payment: £55
  • Outcome Target (#): 318
  • Outcomes Achieved (#): N/A

Further information

  • Referral Route: All referrals for in care population and edge of care will arise from a social work assessment and will be agreed through panel decisions and will be made in context of the statutory duties of the authority to ensure the child's welfare is paramount.
  • Total Potential Maximum Outcomes Payments: £8,715,000
  • Date Service Delivery Started: 31/01/2019

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.