Impact Bond: Stronger Families Norfolk
Stage of development: Implementation
Policy sector: Child and family welfare
Social challenge: Children on the edge of care or in care
Intervention: The intervention used is Family Functional Therapy – Child Welfare. It seeks to improve communication and supportiveness between parents or guardians and young people, while decreasing hostility.
Date outcomes contract signed: 2019-01
Date contracts between all parties signed: 2019-01
Start of service provision: 2019-02
Anticipated completion date: 2029-02
Anticipated duration of service provision: 120
Total investment commitment currency: GBP
Total investment commitment: 2100000
Total investment commitment (USD): 2786938.54
Maximum potential outcome payment: 8629679.5 GBP
Maximum potential outcome payment (USD): 11452564.94
Configuration of the contracting parties: Intermediated. Outcome payer holds contract with social prime (led by investor)
Finance notes: Note on max potential outcome payment: 'Stronger Families Norfolk' does not have a cap in the number of outcomes that can be achieved and claimed for. We are sharing this figure as the funding coming from central government (DCMS) does have a limit. 
Target population: Children and young people (C&YP) aged 6-15. There will be two target cohorts: Edge of Care cohort and In Care (reunifications)
Targeted number of service users or beneficiaries: 431
Targeted unit type: Other
Targeted unit description: families and young people
Actual number of service users or beneficiaries engaged: 404
Changes to project due to COVID-19: Continue on outcomes contract without variations