Impact Bond: 3SC Capitalise
Stage of development: Complete
Policy sector: Employment and training
Intervention: The IF pilot projects aim to prevent young people from becoming NEET, or support those already NEET to re-engage with education, training and employment. Interventions display a wide diversity in terms of participant age range, in and out of school provision and the balance between one to one and group work. Some programmes are built around participation on a structured programme or course. Despite these differences, there are also commonalities between projects including: time spent on initial marketing, recruitment and engagement; an intense initial process of working with each participant to achieve a positive shift in ‘mind-set’; a more extended period of personal and skills development and the encouragement of mental resilience in dealing with challenges and difficulties faced; and an ongoing process of goal setting and progression facilitation. Uses a cognitive behaviour intervention and support to address poor literacy and academic achievement. This consists of specialist literacy teachers delivering support to pupils with dyslexia and basic skills issues, alongside a team of project workers who provide motivation and personal development coaching, and interventions to address behavioural and truancy problems.
Start of service provision: 2012-11
Total investment commitment currency: GBP
Total investment commitment: 400000
Total investment commitment (USD): 631864.6278
Maximum potential outcome payment: 1900000 GBP
Maximum potential outcome payment (USD): 3001356.982
Target population: Young people (14 - 15 years old) at risk of not gaining a GCSE in English, with literacy and self- esteem issues
Actual number of service users or beneficiaries engaged: 700
Notes: Additional assessments: Qualitative assessments of early implementation (2014) and delivery in the final year of operation (2016) were carried out to identify, for project partners, the key issues that the pilot projects have encountered in their first years, as well as assess how effectively the pilots have operated after three years of delivery. Furthermore, impact evaluation was carried out using survey and administrative participant data against a matched sample of non-participants to determine the Social Return on Investment (2018).