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Teens and Toddlers Innovation

Partnering vulnerable young people with a toddler to mentor, creating transformational change in the young person’s life

Investment Strategy

Outcomes Contracts

Theme

Healthier Lives

Date of initial investment

November 2012

Bridges Executives

Andrew Levitt
Antony Ross

Challenge: Nearly one million 16-24 year olds are now classified as ‘NEET’ – not in education, employment, or training. A number of underlying issues can lead to a young person becoming disengaged, such as low self-esteem, low educational attainment and lack of positive role models. A period of being ‘NEET’ can lead to negative long-term outcomes, including increased changes of subsequent unemployment and poorer health outcomes. The cost to society is also huge, amounting to a bill that could total £28bn over the next decade.

Investable Solution: The Teens and Toddlers Innovation programme is a social impact bond (SIB) which finances support for disadvantaged 14-16 year olds across Greater Manchester. It is delivered by Teens and Toddlers, a national charity who partner vulnerable young people with a toddler to mentor, creating transformational change in the young person’s life. Teens and Toddlers partners a young person with a toddler in a local nursery, offering an opportunity for responsibility and empathy, and allowing the young person to act as a role model. This SIB is managed by Social Finance UK, who helped Teens and Toddlers to raise financing for their original proposal, and is responsible for managing the performance of the contract throughout its duration.

Outcomes: If young people on the T&T Innovation programme improve their attendance and behaviour at school, achieve educational qualifications, and move on to further education or employment, then payments are made to the programme by the Department of Work and Pensions Innovation Fund – a £30m facility to finance outcomes payments for social impact bonds targeted at improving employment and educational outcomes for vulnerable young people.

www.teensandtoddlers.org