Impact Bond: Pyramid Project - Step down from Residential Care Provision
Also known as: Pyramid Project
Stage of development: Implementation
Policy sector: Child and family welfare
Intervention: Therapeutic step down foster care
Date outcomes contract signed: 2020-06
Date contracts between all parties signed: 2020-07
Start of service provision: 2020-04
Anticipated end of service provision: 2026-01
Anticipated completion date: 2026-01
Total investment commitment currency: GBP
Total investment commitment: 925562
Total investment commitment (USD): 1148347.07
Maximum potential outcome payment: 11341260 GBP
Configuration of the contracting parties: Intermediated contract with payments made through SPV (investor backed)
Target population: Looked after children 
Targeted number of service users or beneficiaries: 92
Targeted unit type: Individual
Changes to project due to COVID-19: Continue on outcomes contract without variations