Fusion Housing - Bridges Fund Management


    

    























 






    
	            
			    
    



    




×

Fusion Housing

A multi-disciplinary team approach to support and guidance to reduce youth homelessness

Investment Strategy

Outcomes Contracts

Theme

Stronger Communities

Date of initial investment

Bridges Executives

Andrew Levitt
Adam Kybird

Challenge: Each year, around 60,000 young adults aged 18-24 in England experience homelessness. Many of these have complex needs and a large number are also classed as NEET (Not in Education, Employment or Training). Due to the nature of government homelessness services, this group often falls through the cracks of provision, failing to get the support they need. Without effective intervention, these young people risk a considerably poorer future than their peers.

Investable Solution: Fusion Housing, a leading provider of housing and support services based in West Yorkshire, is launching a new programme designed to support around 300 of the most vulnerable young people out of homelessness and into accommodation, education, training and employment. The project involves bringing together a partnership of housing providers, councils and employability service providers in Calderdale, Kirklees & Wakefield. The programme is being financed by a social impact bond commissioned by the Fair Chance Fund, a Department of Communities & Local Government initiative. The Bridges Social Impact Bond Fund is one of the lead investors in this SIB.

Fusion Housing’s project aims to build three multi-disciplinary teams based at a hub in each of the local authorities. By providing a diverse set of support approaches, the team will be better able to respond to the complex and diverse needs of the young people, adapting the type and intensity of support dependent on each case. For example, some participants may receive more support to maintain their tenancy; others may have intensive education training; others may get coaching to enter and stay in employment.

Outcomes: Fusion Fair Chance aims to deliver positive social impact in four distinct categories:

  • Direct beneficiary impact through delivery. The programme will work around 300 young people, aiming to support 250 into accommodation, 150 into education and 100 into sustained employment
  • Direct societal impact through savings in costs for local authorities and central government from lower life time reliance on accommodation / care services
  • Systemic social policy impact through trialling new models to prevent young people becoming homeless and NEET
  • Systemic market-building impact as the first SIB dealing with this cohort and for these organisations, it will both help demonstrate the benefits of this commissioning approach in youth homelessness and strengthen the three organisations with a view to helping them deliver further contracts

www.fusionhousing.org.uk