Social Finance
Unemployment

Unemployment

Unemployment carries significant social and financial costs.

Social Finance is working with vulnerable youths, disabled individuals and those with long-term health conditions who are unemployed or likely to struggle to find work in the future.

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Socail Impact Bonds: Supporting Vulnerable 14-16 Year Olds

Impact

Youth Engagement Fund

The Youth Engagement Fund is a £16 million initiative jointly funded between the Cabinet Office, the Department for Work and Pensions and the Ministry of Justice, aimed at improving the employment..

Supporting 14-17 year olds at risk of becoming NEET

The Challenge

Disadvantaged youth are a diverse group, composed of individuals with unique and varying needs: barriers to success can include low educational attainment, truancy, exclusion, teenage pregnancy, a learning disability, drug and alcohol misuse, or problems at home. The variety of needs makes supporting them difficult using traditional programmes.


The Opportunity

Social Finance is working in partnership with a number of providers who have a strong track record of delivering sustained positive outcomes for young people. The Fund will pay for outcomes achieved up to the end of 2018, subject to the total size of contract awarded and a cap per individual of £11,800. 


The Impact

Research shows that being NEET (not in education, employment, or training) has long term effects on young people’s lives, increasing the likelihood of being unemployment, having a criminal record, and suffering from poor health. The Fund aims to target 14 to 17 year olds as a preventive measure to prevent NEET status among young people, thus achieving long-term impact. 


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Impact

Teens and Toddlers Social Impact Bond

Supporting vulnerable 14-16 year olds at risk of becoming NEET

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The Challenge

Teens and Toddlers targets two sets of vulnerable children simultaneously, raising the aspirations of young people from disadvantaged areas by pairing them as a mentor and role model to a child in a nursery who is in need of extra support.


The Intervention

The Teens and Toddlers programme combines an 18-week intensive intervention with regular support through to GCSEs. The work experience they receive, combined with classroom training, teaches young people interpersonal skills and builds their sense of responsibility so they make positive decisions about their education, their health and their future.


The Impact

The programme is designed to facilitate re-engagement of young people into education, in the hope that it will result in the achievement of GCSE results, and ultimately reduce the number of young people on the programme becoming NEET.

“She has more confidence in herself and more drive to achieve her goals in the future” Parent


Partners

Partners

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Socail Impact Bonds: Supporting Vulnerable 14-16 Year Olds

Impact

Energise Social Impact Bond

Supporting vulnerable 14-16 year olds at risk of becoming NEET

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The Challenge

Energise Innovation is a new programme, created to address the root causes of young people becoming NEET (Not in Education, Employment or Training), as part of the DWP Innovation Fund.


The Intervention

The Energise programme offers mentoring combined with structured activity days and residential courses. The programme combines bespoke and generic activities to address individual needs. It is aimed at supporting more than 1500 young people aged 14 to 16 who are at risk of becoming NEET over a three and a half year period.


The Impact

The programme is designed to foster re-engagement with school, build self-esteem and to improve interpersonal skills, and ultimately reduce the number of young people on the programme becoming NEET

“My daughter has grown in confidence and in the abilities she has. I have seen and heard her talk with passion and excitement about the experience she had” Parent 


Partners

Partners

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Social Finance Ltd
131-151 Great Titchfield Street
London. W1W 5BB

T +44 (0) 207 667 6370
info@socialfinance.org.uk

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Social Finance is authorised and regulated by the Financial Conduct Authority. FCA No: 497568