Impact Bond: London Homelessness Social Impact Bond (Thames Reach)
Stage of development: Complete
Policy sector: Homelessness
Intervention: The interventions were designed around a Navigator approach, whereby key workers adopted a personalised and flexible approach, supporting the cohort to access existing provision and achieve sustained long-term outcomes. It targets a cohort not covered by key programmes for the most challenging long-term entrenched sleepers or for those new to the streets.
Date outcomes contract signed: 2012-01
Start of service provision: 2012-11
Total investment commitment currency: GBP
Total investment commitment: 1200000
Total investment commitment (USD): 1895593.883
Target population: Individuals with recorded sleeping rough or in a rough sleeping hostel in London between July- September 2012, and recorded sleeping rough in London at least 6 times in the previous two years.
Notes: Impact evaluation involving Propensity Score Matching (PSM) to control for any differences between comparison groups and the SIB cohort on characteristics and past experiences