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Innovative investments that make a difference

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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

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slide1
Introduction Social Impact Bonds

Teens & Toddlers – A Case Study

I

I

Innovative investments that make a difference

Confidential – not for recirculation

slide2
Introduction to Social Impact Bonds – Andrew Levitt

Teens & Toddlers Case study – Michelle Farrell-Bell

Teens & Toddlers Graduates

Future SIB Opportunities – Andrew Levitt

slide3
What is an early intervention?

Better health during pre-birth

Improved teenage achievements

Better care during early years

Improved childhood years

slide4
What is a Social Impact Bond?

Social Investors provide up-front cash

  • Charities or Social Enterprises deliver early intervention

1

Payment by Results contract

4

2

4

  • Government saves money; shares saving with investors
  • Beneficiaries’ outcomes improve

3

slide5
Who are Social Investors?

Highwood foundation

Bridges Ventures Social Sector Funds

East London

Greater Merseyside

Greater Manchester

Essex

Nationwide

Manchester

slide6
Bridges’ Social Impact Bonds

Out-of-school Support

Family Therapy

Therapeutic Foster Care

Supported Adoption

Intervention

Challenge

  • School disengagement
  • Troubled families
  • Children seeking adoption
  • Children in residential care

Outcomes

  • Attendance + attainment
  • Improved outcomes for children
  • Family breakdown averted
  • Improved outcomes for children
  • Increased family placements
  • Improved outcomes for children
  • Increased foster placements
  • Improved outcomes for children
slide7
Introduction to Social Impact Bonds – Andrew Levitt

Teens & Toddlers Case study – Michelle Farrell-Bell

Teens & Toddlers Graduates

Future SIB Opportunities – Andrew Levitt

slide8
Michelle Farrell-Bell

Regional Director,

Teens and Toddlers North West

slide9
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

slide10
Stage 2

The Objectives of Stage 2 of the programme are to:

  • Build on existing strengths and skills developed on Teens and Toddlers through applying them to school behaviour and academic studies

And

  • 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
slide11
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).

slide12
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.

slide13
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.

slide14
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.

slide15
But don’t just take my word for it…

Now let’s hear from two of our programme graduates…

slide16
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.

slide17
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

slide18
Any Questions?

You can find out more information at: www.teensandtoddlers.org.uk

Email: [email protected]

Facebook: Teens and Toddlers

Twitter: @TeensandTodds

slide19
Introduction to Social Impact Bonds – Andrew Levitt

Teens & Toddlers Case study – Michelle Farrell-Bell

Teens & Toddlers Graduates

Future SIB Opportunities – Andrew Levitt

slide22
SIBs under development

Canada

UK: 50

Pakistan

USA

India

Colombia

Australia

Uganda

Mozambique

South Africa

slide23
Social Issues being tackled by SIBs
  • Adoption
  • Foster Care
  • Family Therapy
  • Early Education
  • Educational support
  • Homelessness
  • Offender rehabilitation
  • Social Prescribing
contact us
Contact us

Printed on 100% recycled paper

Bridges Ventures Ltd is authorised and regulated by the Financial Conduct Authority

Bridges Ventures

1 Craven Hill

London

W2 3EN

Telephone +44 (0) 20 7262 5566

Fax +44 (0) 20 7262 6389

[email protected]

www.bridgesventures.com

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