Impact Bond: DN2 Children’s Services Social Impact Bond
Stage of development: Implementation
Policy sector: Child and family welfare
Intervention: Intensive support to children at risk of care entry or who recently entered care to help them remain with their families where it is safe to do so, and wraparound specialist support to children in care to help them step down to suitable foster placements.
Date outcomes contract signed: 2020-09
Date contracts between all parties signed: 2020-09
Start of service provision: 2020-10
Anticipated end of service provision: 2025-09
Anticipated completion date: 2026-10
Total investment commitment currency: GBP
Total investment commitment: 884831
Total investment commitment (USD): 1097812.03
Maximum potential outcome payment: 9123323 GBP
Configuration of the contracting parties: Direct contract between outcome payer and provider
Target population: Children and Young People aged 10-17 either at risk of entering care or in the care system
Targeted number of service users or beneficiaries: 304
Targeted unit type: Individual
Changes to project due to COVID-19: Pause project