Essex Children Support Services SIB
SIB Details
| Location | United Kingdom, Essex |
| Commencement date | 1st November 2012 |
| Savings area | Out of Home Care |
| Bond Amount | £3.1m |
| Bond terms (years) | 8 years |
Intervention Program
| Program description | Multi-Systemic Therapy, which delivers family therapy in the home through highly qualified therapists. It focuses on improving parenting and rebuilding positive relationships so that families can manage future crisis situations. |
| Treatment duration | 3-5 months |
| Target population | 11-16 yo in or at risk of entering care. |
| Intervention cohort | 380 members of Target Population over 8 years
20 quarterly cohorts over 5-year intake period. |
Outcome Measurement
| Metric | Number of days at-risk children spend in out of home care over 30 months post referral. Secondary metrics will be tracked to measure wider impact of the programme on young people and their families: education, offending and emotional wellbeing. |
| Counterfactual | A historical case file review of 650 cases with data tracked over 30 months. |
| Outcome Calculation and Target | Care placement days saved relative to counterfactual. Target: 110 children diverted from OOHC (30% of cohort). |
Contracting parties
| Government Agency | Essex County Council Government Departments funding: the Department of Work and Pensions (DWP): the Department for Education (DfE); and the Department of Health (DH). |
| Service Provider | Action for Children |
| Intermediary | Social Finance Children’s Support Services Ltd |
| Evaluator | Unknown |
Investor details
| Investors | Unknown |
| Returns | Medium performance level equates to 8% IRR. Cap on maximum pay-out at 12%. |
| Capital protection | Nil |
Case study
| Comments | Contract with SPV (Children’s Support Services). |
Useful links
Social Venture Fund investment example: Essex Social Impact Bond
