Impact Bond: MHEP Tower Hamlets Mental Health
Stage of development: Complete
Policy sector: Employment and training
Intervention: Individual Placement Support aimed at getting people with mental health issues back or into competitively paid employment
Date outcomes contract signed: 2020-05
Date contracts between all parties signed: 2020-05
Start of service provision: 2020-04
Anticipated end of service provision: 2024-04
Anticipated completion date: 2024-07
Total investment commitment currency: GBP
Total investment commitment: 300000
Total investment commitment (USD): 372210.75
Maximum potential outcome payment: 2068270 GBP
Configuration of the contracting parties: Managed: Outcome payer holds contract with Mental Health and Employment Partnership limited (led by intermediary)
Target population: People with enduring and severe mental health issues
Targeted number of service users or beneficiaries: 3644
Targeted unit type: Individual
Actual number of service users or beneficiaries engaged: 3644