Innovation Fund SIBs
SIB Details
Location | United Kingdom, range of locations |
Commencement date | April to November 2012 |
Savings area | Youth Employment and Education |
Bond Amount | £30m across 10 SIBs |
Bond terms (years) | Generally 3 years |
Intervention Program
Program description | Range |
Treatment duration | Range |
Target population | 14-24 year olds not in education, employment or training. |
Intervention cohort | Collectively, 17,000 members of the Target Population. |
Outcome Measurement
Metric | A range of proxy outcomes for gaining and sustaining future employment. Outcomes include re-engaging with education, such as addressing truancy and behavioural issues; gaining educational qualifications; and entering apprenticeships and employment. |
Counterfactual | Fixed – incorporated into payement structure. |
Outcome Calculation and Target | Unknown |
Contracting parties
Government Agency | UK Department of Works and Pensions |
Service Provider | Range |
Intermediary | Range |
Evaluator | Unknown |
Investor details
Investors | Unknown |
Returns | 3% |
Capital protection | Nil |