Impact Bond: Fostering Better Outcomes
Stage of development: Implementation
Policy sector: Child and family welfare
Social challenge: Children on the edge of care or in care
Intervention: The Council will use a black box commissioning approach, and will provide an indicative example of the long-term intervention it intends to commission.
Date outcomes contract signed: 2019-08
Date contracts between all parties signed: 2019-05
Start of service provision: 2018-06
Anticipated end of service provision: 2024-06
Anticipated completion date: 2024-06
Maximum potential outcome payment: 1028926 GBP
Configuration of the contracting parties: Direct contract between outcome payer and provider
Target population: The project will work with children aged from 7-17 within the Local Authority either in or on the edge of care.
Targeted number of service users or beneficiaries: 12
Targeted unit type: Individual
Changes to project due to COVID-19: Continue on outcomes contract without variations