Impact Bond: ParentChild+
Also known as: Mind the Gap
Stage of development: Implementation
Policy sector: Education
Social challenge: Education, school readiness
Intervention: Narrow the gap in school readiness between vulnerable children and their better off peers through a Parent Child Home Programme.
Date outcomes contract signed: 2019-04
Date contracts between all parties signed: 2019-05
Start of service provision: 2019-06
Anticipated end of service provision: 2023-05
Anticipated completion date: 2025-09
Total investment commitment currency: GBP
Total investment commitment: 100000
Total investment commitment (USD): 127623.039
Maximum potential outcome payment: 1107287 GBP
Configuration of the contracting parties: Direct contract between outcome payer and provider
Target population: Families with a child aged 2-3 in Kensington & Chelsea and Westminster who do not meet age related goals on speech and language, and social-personal skills assessed by the Ages and Stages Questionnaire during the national 2-year old checks. 
Targeted number of service users or beneficiaries: 198
Targeted unit type: Individual
Changes to project due to COVID-19: Switch to grant payments based on medium scenarios