Fund
| ID | INDIGO-FUND-0031 |
|---|---|
| Fund - Name | Refugee Transitions Outcomes Fund - United Kingdom |
| Fund - Stage of Development - (Value) | Active |
| Fund - Host institution of Outcome Fund | INDIGO-ORG-1419 |
| Fund - Mechanism | This programme is supporting Social Impact Bonds, which allow for up-front cash investment to be provided by a social investor. The Home Office will only pay for outcomes if and when achieved. |
| Fund - Dates - Expression of interest - (Value) | 2022-03 |
| Fund - Dates - Anticipated End date - (Value) | 2025-03 |
| Fund - Purpose and classifications - Purpose | This initiative aims to increase the self-sufficiency and integration of newly granted refugees, helping them to move into work, learn English, access housing and build links in their local communities. It aims to support innovative approaches, with a focus on achieving employment, housing and wider integration outcomes. It is working with four areas in England to pilot holistic and place-based approaches to addressing the challenges and barriers that newly granted refugees face. |
| Fund - Purpose and classifications - Secondary SDG goals | 1,3,4,8,10,11 |
| Fund - Service and beneficiaries - Target population | The RTOF pilot is for new refugees who have recently exited the asylum process with a grant of Refugee Status or Humanitarian Protection. |
| Fund - Dimensions of Scale - Total Outcome Fund value (outcomes funding) - Currency | GBP |
| Fund - Dimensions of Scale - Total Outcome Fund value (outcomes funding) - Aspiration - Amount - (Value) | 13990000 |
| Fund - Dimensions of Scale - Total Outcome Fund value (outcomes funding) - Aspiration - Amount USD - (Value) | 18434063.400000002 |
| Fund - Dimensions of Scale - Total Outcome Fund value (outcomes funding) - (Notes) | The RTOF is not a standalone fund. It is funded by both the Shared Outcomes Fund and the Life Chances Fund for the three-year period of the pilot. There is no other funding involved. |
| Fund - Country | United Kingdom |
| Fund - Geographic area for outcome payment 1: Country - (Value) | GB |