Impact Bond: Entrenched Rough Sleepers Social Impact Bond- Pan-London
Stage of development: Complete
Policy sector: Homelessness
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. 
Date outcomes contract signed: 2017-10
Start of service provision: 2017-10
Anticipated end of service provision: 2021-07
Total investment commitment currency: GBP
Total investment commitment: 250000
Total investment commitment (USD): 321759.9777
Maximum potential outcome payment: 3000000 GBP
Maximum potential outcome payment (USD): 3861119.732
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
Targeted number of service users or beneficiaries: 320
Targeted unit type: Individual
Actual number of service users or beneficiaries engaged: 320