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General overview

Stage of development: Implementation

Policy sector: Child and family welfare

Date outcomes contract signed: Jun 2020

Start date of service provision: Apr 2020

Anticipated completion date: Jan 2026

Capital raised (minimum): GBP 925.56k (USD 1.15m)

Max potential outcome payment: GBP 11.34m

Service users: 92 individuals

Intervention

Therapeutic step down foster care

Target population

Looked after children

Location

Country

  • United Kingdom

Service delivery locations

  • Telford & Wrekin Council
  • Worcestershire County Council
  • City of Wolverhampton Council
  • Staffordshire County Council
  • Dudley Council

Involved organisations

Configuration of contracting parties:

  • Intermediated contract with payments made through SPV (investor backed)

Service Providers (1)
Investors (1)
Intermediary organisations (2)
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Outcome metrics

  • Metric 1: Move from residential to foster care (with payment made at the end of the first week in foster care, with 79 service users expected to achieve the payment). Payments are also made for subsequent weeks in foster care (for a maximum of 104 weeks), but for readability this has not been included in the data visualisation.
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