Manchester City Council SIB
SIB Details
Location | United Kingdom, Manchester City Council |
Commencement date | 5th June 2014 |
Savings area | Out of Home Care |
Bond Amount | £1.2m |
Bond terms (years) | 8 years |
Intervention Program
Program description | Multi-dimensional treatment foster care. |
Treatment duration | 1 year |
Target population | At risk children (11-14yo) who are in residential care. |
Intervention cohort | 90 Target Population members over 5 years |
Outcome Measurement
Metric | Re-entry into residential care. |
Counterfactual | Data on 11-14 yo in residential care in 2007-2008. |
Outcome Calculation and Target | Unknown |
Contracting parties
Government Agency | Manchester City Council |
Service Provider | Action for Children |
Intermediary | Bridges Ventures |
Evaluator | Unknown |
Investor details
Investors | St Mungos, Thames Reach, CAF Venturesome, Department of Health Social Enterprise Investment Bond, Orp Foundation, Big Issue Invest and a number of individuals. |
Returns | Up to 6.5% pa return if targets are met. |
Capital protection | Nil |
Case study
Comments | This SIB leverages the unique indepth historical data collected by the Greater London Authority on the individual rough sleepers in the community. |
Manchester City Council – Children in Care SIB.