Impact Bond: Single Homeless Prevention Service (SHPS)
Also known as: Pan London 
Stage of development: Implementation
Policy sector: Homelessness
Social challenge: Homelessness
Intervention: Following the introduction of the Homelessness Reduction Act, Local Authorities now have a duty to support single people who are homeless or a risk of becoming homeless within 56 days. The Single Homeless Prevention Serivce (SHPS) was designed and launched to support Local Authorities deliver this support. The service aims to prevent or relieve homelessness through saving an existing tenancy or securing new accommodation. It then supports people to sustain that accommodation over time to ensure long term prevention of homelessness.   
Date outcomes contract signed: 2019-09
Date contracts between all parties signed: 2019-10
Start of service provision: 2019-07
Anticipated end of service provision: 2025-03
Anticipated completion date: 2025-03
Total investment commitment currency: GBP
Total investment commitment (min): 659101
Total investment commitment (max): 2357570
Maximum potential outcome payment: 14615000 GBP
Target population: Single people who are homeless or at risk of becoming homeless
Targeted number of service users or beneficiaries: 8937
Targeted unit type: Individual
Changes to project due to COVID-19: Continue on outcomes contract without variations