Manchester City Council SIB
SIB Details
| Location | United Kingdom, Manchester City Council |
| Commencement date | 5th June 2014 |
| Savings area | Out of Home Care |
| Bond Amount | £1.2m |
| Bond terms (years) | 8 years |
Intervention Program
| Program description | Multi-dimensional treatment foster care. |
| Treatment duration | 1 year |
| Target population | At risk children (11-14yo) who are in residential care. |
| Intervention cohort | 90 Target Population members over 5 years |
Outcome Measurement
| Metric | Re-entry into residential care. |
| Counterfactual | Data on 11-14 yo in residential care in 2007-2008. |
| Outcome Calculation and Target | Unknown |
Contracting parties
| Government Agency | Manchester City Council |
| Service Provider | Action for Children |
| Intermediary | Bridges Ventures |
| Evaluator | Unknown |
Investor details
| Investors | St Mungos, Thames Reach, CAF Venturesome, Department of Health Social Enterprise Investment Bond, Orp Foundation, Big Issue Invest and a number of individuals. |
| Returns | Up to 6.5% pa return if targets are met. |
| Capital protection | Nil |
Case study
| Comments | This SIB leverages the unique indepth historical data collected by the Greater London Authority on the individual rough sleepers in the community. |
Manchester City Council – Children in Care SIB.
