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 |
