Presentation on theme: "I Innovative investments that make a difference I Introduction Social Impact Bonds Teens & Toddlers – A Case Study Confidential – not for recirculation."— Presentation transcript:
I Innovative investments that make a difference I Introduction Social Impact Bonds Teens & Toddlers – A Case Study Confidential – not for recirculation
Introduction to Social Impact Bonds – Andrew Levitt Teens & Toddlers Case study – Michelle Farrell-Bell Teens & Toddlers Graduates Future SIB Opportunities – Andrew Levitt 2
3 What is an early intervention? Better health during pre- birth Improved childhood years Better care during early years Improved teenage achievements
4 What is a Social Impact Bond? Social Investors provide up-front cash Charities or Social Enterprises deliver early intervention Beneficiaries’ outcomes improve Government saves money; shares saving with investors 1 3 2 4 Payment by Results contract 4
5 Who are Social Investors? Bridges Ventures Social Sector Funds East LondonGreater Merseyside Greater Manchester EssexNationwideManchester Highwood foundation
Out-of-school Support School disengagement Family TherapyTherapeutic Foster Care Supported Adoption Troubled familiesChildren in residential careChildren seeking adoption Challenge Bridges’ Social Impact Bonds 6 Outcomes Increased family placements Improved outcomes for children Increased foster placements Improved outcomes for children Family breakdown averted Improved outcomes for children Attendance + attainment Improved outcomes for children Intervention
Introduction to Social Impact Bonds – Andrew Levitt Teens & Toddlers Case study – Michelle Farrell-Bell Teens & Toddlers Graduates Future SIB Opportunities – Andrew Levitt 7
Michelle Farrell-Bell Regional Director, Teens and Toddlers North West
What is the Teens and Toddlers programme? Our flagship 18-week programme gives young people the skills to address underlying issues that can lead to becoming disengaged, such as low self-esteem, low educational attainment and lack of positive role models. The programme comprises: One morning or afternoon a week working with a minimum of 8 at-risk young people An accredited QCF Level 1 qualification in Interpersonal Skills. An innovative work experience scheme where, for 1.5 hours each afternoon, teens mentor a child in a nursery Hour-long facilitated classroom sessions
Stage 2 The Objectives of Stage 2 of the programme are to: 1.Build on existing strengths and skills developed on Teens and Toddlers through applying them to school behaviour and academic studies And 2.To set learning and behavioural goals in five key areas of school life known to impact performance: relationships with teachers relationships with peers commitment to their studies learning at home emotional health and well being
Teens and Toddlers in the North West We know that young people who become NEET between the ages of 16–18 have a long-term resource cost of nearly £22 billion and a public finance cost estimated at £12 billion. The vast bulk of costs result from under-employment due to educational underachievement. Our programme has the potential to generate huge savings for the public purse by tackling the rising number of NEET young people in the North West of England. By 2015 we will have supported over 1,100 young people in the North West, though our Social Impact Investment (via the DWP’s Innovation Fund).
Social Investment and Teens and Toddlers Social Investment is a growing trend that has offered a valuable lifeline to charities at an economically difficult time. At Teens and Toddlers we have embraced Social Investment as a means of expanding our service delivery in the North West, reaching those young people most in need.
Our Experience We are 18 months into our contract and initial results on ‘soft outcomes’ and Level 1 Qualification in Interpersonal Skills have been extremely positive and have laid the foundation for the achievement of GCSEs in the summer of 2014. Success measures include: improved attitude to school, improved attendance and behaviour at school, the achievement of a QCF Level 1 qualification in interpersonal skills the achievement of GCSEs.
The Key to Success We believe the key to making social investment a success is to ensure robust evaluation processes are in place, along with a carefully created infrastructure. Teens and Toddlers has been measuring its results since 2001. We know what we do works: Only 5% of our young people become NEET compared to their teachers’ prediction that 45% will drop out – and only 1.6% report a pregnancy. -This evaluation track record is critical for us because it demonstrates we are a sound investment As long as charities work closely with their funding partners to keep things on track and deliver results, this type of investment could well be the future for the charity sector.
But don’t just take my word for it… Now let’s hear from two of our programme graduates…
EVE I have just completed Stage 1 of the project. I attend Oasis Academy Media City UK and I am in year 10. Before I went on the project I was not really working as well as I could The changes I saw in myself during the project were that I can work well in a group and I am good at a lot of things Now I am looking forward to Stage 2 because I will get to see my group again and I will carry on learning.
LAURYN I completed Stage 1 of the project in July 2013. I am now on Stage 2. I attend Oasis Academy Media City UK and I am in Year 11. Since completing Stage 1 I have become more interested in my studies and more confident I enjoy Stage 2 because I get too see my group and my facilitator, Carah, and we do things that will help us do well in our GCSEs, like how we learn and our learning style. Carah is always there for us
Any Questions? You can find out more information at: www.teensandtoddlers.org.uk www.teensandtoddlers.org.uk Email: email@example.com firstname.lastname@example.org Facebook: Teens and Toddlers Twitter: @TeensandTodds
Introduction to Social Impact Bonds – Andrew Levitt Teens & Toddlers Case study – Michelle Farrell-Bell Teens & Toddlers Graduates Future SIB Opportunities – Andrew Levitt 19
The UK is the world leader in Social Impact Bonds 20 USA: 4 Australia: 2 UK: 15
The North West of England is leading the world! 21
SIBs under development 22 USA Australia UK: 50 Uganda South Africa India Pakistan Canada Colombia Mozambique
23 Adoption Foster Care Family Therapy Early Education Educational support Homelessness Offender rehabilitation Social Prescribing Social Issues being tackled by SIBs
24 Bridges Ventures 1 Craven Hill London W2 3EN Telephone+44 (0) 20 7262 5566 Fax+44 (0) 20 7262 6389 Emailinfo@bridgesventures.com www.bridgesventures.com Contact us Bridges Ventures Ltd is authorised and regulated by the Financial Conduct Authority Printed on 100% recycled paper