Impact Bond: Entrenched Rough Sleeping Social Impact Bond- Newcastle and Gateshead
Also known as: Five Bridges Changing Lives
Stage of development: Complete
Policy sector: Homelessness
Intervention: The initiative will help get people off the streets and into stable, long-term accommodation as part of the Department for Communities and Local Government’s Homelessness Prevention Programme. Working alongside other support services in the area, Changing Lives uses an asset-based approach that will bring the separate organisations together to the maximum benefit of the individual. There are 5 proposed service elements include: 1) Multi-disciplinary team –therapeutic skills 2) Housing First 3) Access to dedicated supported accommodation 4) Learning framework – reflective practice to collectively respond to obstacles to inclusion 5) Values – elastic tolerance & unconditional positive regard
Start of service provision: 2017-12
Total investment commitment currency: GBP
Total investment commitment: 400000
Total investment commitment (USD): 514815.9644
Maximum potential outcome payment: 1500000 GBP
Maximum potential outcome payment (USD): 1930559.867
Target population: Cohort of single adults who are homeless and who have a history of rough sleeping or have been interacting with hostel services over the last 3 years or more.
Targeted number of service users or beneficiaries: 185
Targeted unit type: Individual
Actual number of service users or beneficiaries engaged: 185