Impact Bond: Mental Health and Employment Social Impact Bond (Haringey & Barnet)
Also known as: MHEP Haringey and Barnet
Stage of development: Complete
Policy sector: Employment and training
Social challenge: Employment, mental health
Intervention: Individual Placement Support employment services. A tailored, client-centred employment intervention for people with chronic health conditions. It involves the integration of vocational advisers within health teams to optimise return-to-work.
Date outcomes contract signed: 2019-08
Date contracts between all parties signed: 2019-04
Start of service provision: 2019-04
Anticipated end of service provision: 2023-04
Actual completion date: 2023-04
Total investment commitment currency: GBP
Total investment commitment: 227000
Total investment commitment (USD): 289704.2985
Maximum potential outcome payment: 1439148 GBP
Configuration of the contracting parties: Outcome payer holds contract with Mental Health and Employment Partnership limited (led by intermediary)
Target population: Individuals with enduring and severe mental health issues
Targeted number of service users or beneficiaries: 985
Targeted unit type: Individual
Actual number of service users or beneficiaries engaged: 985
Changes to project due to COVID-19: Switch to grant payments based on medium scenarios