Impact Bond: Forward Outcomes Partnerships
Also known as: Midlands Regional Pause Hub
Stage of development: Implementation
Policy sector: Child and family welfare
Social challenge: Children at risk of going in to care
Intervention: Support women that have had, or are at risk of having, multiple children removed from their care
Date contracts between all parties signed: 2020-07
Start of service provision: 2020-02
Anticipated end of service provision: 2026-09
Anticipated completion date: 2026-09
Total investment commitment currency: GBP
Total investment commitment (min): 908000
Total investment commitment (max): 1787523
Maximum potential outcome payment: 5643426 GBP
Configuration of the contracting parties: Intermediated. Outcome payer holds contract with Forward Outcomes Partnerships, which is owned by the investor
Target population: Women who have experienced, or are at risk of experiencing, at least two episodes of care proceedings leading to the removal of one or more of their children into care
Targeted number of service users or beneficiaries: 200
Targeted unit type: Individual
Changes to project due to COVID-19: Continue on outcomes contract without variations