Better outcomes and better value for Government
When commissioning services for vulnerable people, the Government is increasingly looking to structure contracts on an ‘outcomes’ – or payment-by-results – basis.
We believe that this is a powerful way for the Government to understand what’s working and drive better results within key policy areas – because it gives service providers more freedom to innovate, as well as a strong incentive to over-deliver.
Through social impact bonds, Bridges (and others) can support social sector organisations to deliver these outcomes contracts – by providing working capital to fund the programme, plus any additional management resource required. This gives the Government a wider choice of providers.
We focus on four areas – youth employment, children’s services, homelessness and health/social care – where SIB-backed programmes are already changing the lives of some of our most vulnerable young people.
The introduction of SIBs for dealing with complex homeless clients has really enabled a long-term focus on the individual and the specific interventions needed to help them turn their lives around. This is very hard to achieve with more traditional commissioning tied to accommodation or the provision of a defined service.Tim Gray, Department for Communities & Local Government
Providing career-focused support to disadvantaged 14-19 year olds on Merseyside
Career Connect works with disadvantaged young people on Merseyside to help them re-engage with education and improve their employability. It delivered one of the first SIB-backed programmes, as part of the DWP Innovation Fund; this was so successful that Career Connect was subsequently re-commissioned by the Government to deliver a second SIB-funded programme as part of the Youth Engagement Fund.
Manchester Treatment Foster Care
Therapeutic foster care for children in Manchester
Commissioned by Manchester City Council, this programme is delivered by Action for Children, one of the UK’s largest children’s charities. Action for Children will find specialist foster placements for young people who are currently living in residential care homes. The foster carers will be trained to provide multi-dimensional treatment foster care (MTFC), which helps young people with challenging emotional and behavioural difficulties move back into family settings.
Better Outcomes, Better Value
Our latest report argues that SIBs have huge potential in the UK – but they need to keep getting simpler, faster and cheaper to fulfill this potential.
What we offer
Mission-aligned capital to fund programmes commissioned via outcomes contracts
Strategic and operational support from an experienced team
Proven track record of working with high-impact organisations
Expertise in impact measurement, reporting and communications
Lessons from other SIBs around the UK