Impact Bond: Opening Doors
Also known as: The Bexley SIB
Stage of development: Complete
Policy sector: Homelessness
Social challenge: Homelessness
Intervention: This proposal aims to reduce the numbers of single adults and childless couples at risk of homelessness living in temporary accommodation (TA), through delivery of individual support plans that will address an individual’s barriers to sustained housing
Date outcomes contract signed: 2020-01
Date contracts between all parties signed: 2020-02
Start of service provision: 2019-11
Anticipated end of service provision: 2024-10
Actual end of service provision: 2021-06
Anticipated completion date: 2024-09
Total investment commitment currency: GBP
Total investment commitment: 470000
Total investment commitment (USD): 599828.2832
Maximum potential outcome payment: 1700822 GBP
Configuration of the contracting parties: Direct contract between outcome payer and provider
Target population: Single adults and childless couples at risk of homelessness living in temporary accommodation (TA)
Targeted number of service users or beneficiaries: 194
Targeted unit type: Individual
Actual number of service users or beneficiaries engaged: 31
Actual unit type: Individual
Service and beneficiaries notes: The project withdrew from the Life Cahnces Fund programme in June 2021. 
Changes to project due to COVID-19: Continue on outcomes contract without variations
Notes: This project withdrew from the Life Chances Fund programme in June 2021.