 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 |
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How to define the social issue for socail impact bonds? Case for Vulnerable Children and Young Prople
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