Introduction Social Impact Bonds
Teens & Toddlers – A Case Study
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Innovative investments that make a difference
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Confidential – not for recirculation
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Introduction to Social Impact Bonds – Andrew Levitt
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Teens & Toddlers Case study – Michelle Farrell-Bell
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Teens & Toddlers Graduates
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Future SIB Opportunities – Andrew Levitt
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What is an early intervention?
Better health
during prebirth
Improved
teenage
achievements
Better care
during early
years
Improved
childhood
years
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What is a Social Impact Bond?
Social Investors
provide up-front cash
Charities or
Social
Enterprises
deliver early
intervention
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Payment
by Results
contract
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2
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Government
saves money;
shares saving
with investors
Beneficiaries’
outcomes improve
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3
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5
4
3
2
1
0
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Who are Social Investors?
Highwood foundation
Bridges Ventures
Social Sector Funds
East London
Greater
Merseyside
Greater
Manchester
Essex
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Nationwide
Manchester
Bridges’ Social Impact Bonds
Intervention
Out-of-school
Support
Family Therapy
Supported
Adoption
Therapeutic Foster
Care
Challenge
• School disengagement
• Troubled families
• Children seeking adoption
• Children in residential care
Outcomes
• Attendance + attainment
• Family breakdown averted
• Increased family placements
• Increased foster placements
• Improved outcomes for
children
• Improved outcomes for
children
• Improved outcomes for
children
• Improved outcomes for
children
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•
Introduction to Social Impact Bonds – Andrew Levitt
•
Teens & Toddlers Case study – Michelle Farrell-Bell
•
Teens & Toddlers Graduates
•
Future SIB Opportunities – Andrew Levitt
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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.
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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
Email:
mfarrell-bell@teensandtoddlers.org.uk
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
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The UK is the world leader in Social Impact Bonds
UK: 15
USA: 4
Australia: 2
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The North West of England is leading the world!
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SIBs under development
Canada
UK: 50
Pakistan
USA
India
Colombia
Australia
Uganda
South Africa
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Mozambique
Social Issues being tackled by SIBs
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Adoption
Foster Care
Family Therapy
Early Education
Educational support
Homelessness
Offender rehabilitation
Social Prescribing
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Contact us
Bridges Ventures
1 Craven Hill
London
W2 3EN
Telephone
Fax
Email
+44 (0) 20 7262 5566
+44 (0) 20 7262 6389
info@bridgesventures.com
www.bridgesventures.com
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Bridges Ventures Ltd is authorised and regulated by the Financial Conduct Authority
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