Introduction Social Impact Bonds Teens & Toddlers – A Case Study. I. I. Innovative investments that make a difference. Confidential – not for recirculation. Introduction to Social Impact Bonds – Andrew Levitt Teens & Toddlers Case study – Michelle Farrell-Bell Teens & Toddlers Graduates
Teens & Toddlers – A Case Study
Innovative investments that make a difference
Confidential – not for recirculation
Better health during pre-birth
Improved teenage achievements
Better care during early years
Improved childhood years
What is a Social Impact Bond?
Social Investors provide up-front cash
Payment by Results contract
Bridges Ventures Social Sector Funds
Bridges’ Social Impact Bonds
Therapeutic Foster Care
Teens and Toddlers North West
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
The Objectives of Stage 2 of the programme are to:
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 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.
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.
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.
Now let’s hear from two of our programme graduates…
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.
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