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How to define the social issue for socail impact bonds? Case for Vulnerable Children and Young Prople |
E-mail: Social Finance | Unit: 2011 | |
Answer: Social Impact Bonds raise investment to alleviate social problems. The SIB funds interventions which address the needs of a target group when there is either no existing provision or the existing provision is inadequate. | Hampstead Heath, London, in May | |
Sequence: Assign a number (with decimals) determining the sequence of your question.: Lisa Barclay and Diane Mak. 2011. "A Technical Guide to Developing". Social Finance a Social Impact Bond: Vulnerable Children and Young People | Map: 2011-04-17 00:00:00 |
Illustration of social issue: | ||||||
adolescents between the ages 10-15 make up the largest age group entering the care system. This group is more likely than other age groups to remain in care and not return home.3 | Their needs are often complex and could involve significant breakdown in family relationships. Those who stay in care long term often experience poorer outcomes in health and education. | |||||
Define the target population | ||||||
On the basis of the stated social issue, it is necessary to clearly define the target population. It is this group for whom interventions will be funded and outcomes improved. | There must be clear criteria against which the target population can be identified and a process through which referrals can be made into the SIB-funded interventions. | |||||
Illustration of target population and referral point: | ||||||
Adolescents aged 10-15 years old, with behavioural problems, who are referred to the Children’s Resource Panel of a Local Authority. Examples of eligibility criteria of such adolescents might include: siblings already looked after, family subject to other services, prior history of being looked after, at risk or record of youth offending. | If the definition is not sufficiently focused, the interventions may be too diffuse to have a significant impact on the target outcome. If the definition is too narrow, the target population may be too small to demonstrate a statistically significant effect.n | |||||
requires an engagedcommissioner | ||||||
A Social Impact Bond requires an engaged commissioner who is open to outcomes-based contracting where payments are made if agreed social outcomes are achieved. | It is important to work in conjunction with an engaged commissioner, through access to data and discussion, in order to develop outcome metrics and target population definitions. | |||||
Current Works - Essex, Liverpool, Manchester | ||||||
Social Finance is currently working with three Local Authorities . Essex County Council, Liverpool City Council and Manchester City Council. We have embarked on 6 month feasibility studies to investigate the potential for a SIB to fund services targeted at vulnerable children, young people and their families. |
Anybody who read this case study can participate in the evaluation of this socail business concept | ||||||
To Evaluation This Socail Business | Social Impact | Mutual Help Model | Social Inclusion | Business Sustainability | Replicability | Evaluation Total |
Your Evaluation (1:Lowest to 5:Highest) | 3 | 3 | 3 | 3 | 3 | 3 |
Japan Case_Studies | Related Website Case_Studies |
Average Score sent by users 3 Number of Rators 1 | ||||||
for authors: | ||||||
Upload Business Plan of this Social Venture : If you are working for the organization, and want to create a Business Plan of your organization, please click the link and follow the instructions. | Look at the Business Plan of this Case | |||||
Develop your own Business Plan using your location's data based on this Model :if you plan to create a social service in your favorite city/town, based on the basic vision of this Social Venture, please use this link to the Business Plan Writing software which guide you by giving necessary information how to create a BP using your city/town's data. |