Impact Bond: Home Group
Stage of development: Complete
Policy sector: Homelessness
Social challenge: Homelessness
Intervention: The overall approach builds upon the organisation's Jumpstart model (developed in Bradford), and begins with addressing issues of previous arrears/debts and behaviour issues, and securing suitable accommodation through existing links with a range of housing providers. Access to supported accommodation is also facilitated, and deposits and bond guarantees provided as appropriate. 	
								
								
								
Date outcomes contract signed: 2015-01
Start of service provision: 2015-01
Actual completion date: 2017-12
Total investment commitment currency: GBP
Total investment commitment: 490000
Total investment commitment (USD): 748611.0832
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: 270
Notes: Referral routes: The project covered the seven local authority areas (Newcastle City Council, Northumberland County Council, South Tyneside Council, North Tyneside Council, Gateshead, Durham County Council and the City of Sunderland), each with their own gateway referring into the project.
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.