Impact Bond: Finland Children's Welfare SIB II
Also known as: Lapset SIB II
Stage of development: Implementation
Policy sector: Child and family welfare
Social challenge: Youth exclusion and problems in families with small children. The aim is to boost wellbeing and to reduce the costs of corrective services and the need for unemployment benefits. Municipalities need new financing and operating approaches helping them to tackle problems and the purpose of the Lapset SIB II project is to address problems in a proactive manner and at the right time. Successful completion of upper secondary education and finding employment are key to social integration. However, about 15% of all young people finish school without a post-basic education qualification. For young people in substitute care, the figure is as much as 50%. A young person outside education and working life costs society about EUR 18,000/year.
Intervention: Early stage support for families with children who are in danger of youth exclusion. Main intervention providers include SOS Children's Villages, Helsinki Deaconess Foundation and Nuorten Ystävät. 
Date outcomes contract signed: 2020-12
Start of service provision: 2021-05
Anticipated end of service provision: 2030-12
Anticipated completion date: 2031-01
Total investment commitment currency: EUR
Total investment commitment: 5100000
Maximum potential outcome payment: 15900000 EUR
Finance notes: The amount of investment corresponds to both Children's Welfare SIB I and Children's Welfare SIB II. Maximum Potential Outcome Payment only corresponds to Children's Welfare SIB II. 
Target internal rate of return: 0.05
Service and beneficiaries notes: Target cohorts vary by Municipality.