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Mayday 'Be the Change'

Social Impact Bond

Location: Northamptonshire, United Kingdom

Launch date: 2017

Duration: 36 months

Capital raised: £0.1m

Policy area: Homelessness

Government outcomes fund: Commissioning Better Outcomes Fund (Big Lottery Fund)

Commissioner: First for Wellbeing CIC (a partnership between Northamptonshire County Council, Northamptonshire Healthcare NHS Foundation Trust and the University of Northampton) (Local government)

Providers: Mayday Trust

Investors: Bridges Fund Management

Advisor: Numbers for Good

SIB structure: Intermediated

Target population: Young people (aged 18-30) who are Not in Employment, Education or Training (NEET), homeless, but not in priority need, or a priority for Local Authority support but unable to be accommodated in a supported housing scheme.

Size of cohort: 97

Stage: Implementation

Intervention description

This project uses a SIB framework to deliver outcomes for people experiencing homelessness using the Personal Transitions Service (PTS) approach. 

This service builds on individuals' strengths, assets and ambitions as a way of transitioning out of tough times, such as homelessness, leaving prison, psychiatric hospitals or care. By replacing traditional key-working responses with inspiring asset-based coaching and highly personalised real world opportunities, individuals achieve their aspirations and move on with their lives quickly, with dignity and respect.

Outcomes

Stable community-based accommodation

Employment

Further information