Impact Bond: Living Balance
Stage of development: Complete
Policy sector: Employment and training
Intervention: The IF pilot projects aim to prevent young people from becoming NEET, or support those already NEET to re-engage with education, training and employment. Interventions display a wide diversity in terms of participant age range, in and out of school provision and the balance between one to one and group work. Some programmes are built around participation on a structured programme or course. Despite these differences, there are also commonalities between projects including: time spent on initial marketing, recruitment and engagement; an intense initial process of working with each participant to achieve a positive shift in ‘mind-set’; a more extended period of personal and skills development and the encouragement of mental resilience in dealing with challenges and difficulties faced; and an ongoing process of goal setting and progression facilitation. Complete support package under one roof, including confidence building, training, employment placements in social enterprises and links to employers. Delivered at the premises of Perth YMCA, at community venues and schools' outreach locations.
Start of service provision: 2012-04
Maximum potential outcome payment: 1200000 GBP
Maximum potential outcome payment (USD): 1915200
Target population: Young people (14 - 24 year olds)- NEET or in school with behaviour putting them at risk of becoming NEET
Actual number of service users or beneficiaries engaged: 1000
Actual unit type: Individual
Notes: Referral Route: Self-referrals, schools/colleges, local authority (Drugs and Alcohol Team, Social Work, Temporary Accommodation, Youth Justice and Young Carers), Skills Development Scotland. Additional assessments: Qualitative assessments of early implementation (2014) and delivery in the final year of operation (2016) were carried out to identify, for project partners, the key issues that the pilot projects have encountered in their first years, as well as assess how effectively the pilots have operated after three years of delivery. Furthermore, impact evaluation was carried out using survey and administrative participant data against a matched sample of non-participants to determine the Social Return on Investment (2018).