Entrenched Rough Sleepers Social Impact Bond- Pan-London
Aligned SDGs
- Entrenched Rough Sleepers Social Impact Bond- Pan-London
- General overview
- Location
- Involved organisations
- Outcome metrics
- Spreadsheet of data
- Entrenched Rough Sleepers Social Impact Bond- Pan-London
- General overview
- Location
- Involved organisations
- Outcome metrics
- Spreadsheet of data
General overview
Stage of development: Complete
Policy sector: Homelessness
Date outcomes contract signed: Oct 2017
Start date of service provision: Oct 2017
Capital raised (minimum): GBP 250k (USD 321.76k)
Max potential outcome payment: GBP 3m
Service users: 320 individuals
Intervention
The scheme will work on the established ‘payments by results’ model, helping long-term rough sleepers move off the streets and into stable accommodation. Payment will be made to service providers with the skills and experience to effectively help long-term rough sleepers. The Social Impact Bond builds on previous homelessness SIBs contracted with St Mungo's and Thames Reach in London.
Target population
320 of the most entrenched rough sleepers – which includes those with mental health issues, as well as drug and alcohol problems – across all 33 London local authorities
Location
Country
- United Kingdom
Service delivery locations
- London, United Kingdom
Involved organisations
Commissioners/outcome payers
Service Providers
Investors
Outcome metrics
- Accomodation - Entering Accommodation
- Accomodation - 3 months in accomodation
- Accomodation - 6 months in accomodation
- Accomodation - 12 months in accomodation
- Accomodation - 18 months in accomodation
- Accomodation - 24 months in accomodation
- First Assessment - General Wellbeing Assessment (Better Managed Needs)
- Second Assessment - General Wellbeing Assessment (Better Managed Needs)
- Third Assessment - General Wellbeing Assessment (Better Managed Needs)
- Mental health (MH) entry into engagement with services - Better Managed Needs
- Mental health (MH) sustained engagement with services - Better Managed Needs
- Alcohol misuse entry into alcohol treatment - Better Managed Needs
- Alcohol misuse sustained engagement with alcohol treatment - Better Managed Needs
- Drug misuse entry into drug treatment - Better Managed Needs
- Drug misuse sustained engagement with drug treatment - Better Managed Needs
- Improved education/training (Entry into employment) 1) Self-cert form 2) One of the following: 1. Certificate 2. Trainer letter/email
- Volunteering/self-employed 13 weeks (Entry into employment) 1) Self-cert form 2) Organisation letter/email
- Volunteering/self-employed 26 weeks (Entry into employment)
- Part time work 13 weeks (Entry into employment) 1) Self-cert form 2) One of the following: 1. Contract 2. Payslips 3. Employer letter/email 4. Invoices and remittances
- Part time work 26 weeks (Entry into employment)
Spreadsheet of data
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