Impact Bond: Ambition
Stage of development: Complete
Policy sector: Homelessness
Social challenge: Homelessness
Intervention: Each young adult referred to Ambition has a dedicated link worker providing intensive, personalised support that begins by helping them find a stable place to live. Over the three years they are supported to sustain their tenancy and develop the skills and confidence to enter employment, education, training or volunteering. They also have somewhere to turn for help with wider life issues such as budgeting, health, offending, drug and alcohol addiction or relationships.
Date outcomes contract signed: 2015-01
Start of service provision: 2015-01
Anticipated completion date: 2017-12
Total investment commitment currency: GBP
Total investment commitment: 600000
Total investment commitment (USD): 916666.6325
Target population: Young people aged 18-24 not in employment, education, or training (NEET); homeless as defined in the homelessness legislation but not in priority need under that legislation and deemed a priority for local authority support but unable to be accommodated in a supported housing scheme.
Actual number of service users or beneficiaries engaged: 409
Actual unit type: Individual
Notes: Referral routes: Ambition was the largest of the seven projects, with an initial target of 340 participants across a wide area, covering four local authorities (City and County Councils), each with their own referral gateways/single points of contact. Participation targets were set for each partner on the basis of the forecast eligible young people in their respective local authority areas.
Additional assessment: The project also uses other non-outcome payment-related assessments, including process evaluation (following a mixed methods approach), costed case studies, and review of perfromance data against forecast. No impact evaluation or value for money analysis was conducted due to inability to establish a comparison group.