Project
| ID | INDIGO-POJ-0062 |
|---|---|
| Impact Bond Name - (Value) | Faz-te Forward (Bring Yourself Forward) |
| Stage of Development - (Value) | Complete |
| Stage of Development - (Source ID's) | source10 |
| Social Investment Prototype - (Value) | NO |
| Dates - Date outcomes contract signed - (Value) | 2017-06 |
| Dates - Start date of service provision - (Value) | 2017-06 |
| Dates - Anticipated end date of service provision - (Value) | 2020-09 |
| Dates - Actual end date of service provision - (Value) | 2021-12 |
| Dates - (Source ID's) | source5,source3,source11 |
| Jurisdiction - Jurisdiction - (Value) | PT |
| Jurisdiction - (Source ID's) | source1 |
| Overall project finance - Total investment commitment - Currency - (Value) | EUR |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 387848 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 437062.3475 |
| Overall project finance - Maximum potential outcome payment - Currency - (Value) | EUR |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 15000000 |
| Overall project finance - Maximum potential outcome payment - Amount USD - (Value) | 16903362.17409913 |
| Purpose and classifications - Social challenge - (Value) | Youth unemployment |
| Purpose and classifications - Intervention - (Value) | The project aimed at increasing the employability and socio-occupational inclusion of young people. This is a 10-month mentoring, coaching and employability skills development programme. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source9,source4 |
| Purpose and classifications - (Notes) | Policy (Social inclusion- employment/training) |
| Service and beneficiaries - Target population - (Value) | Young people not in employment, education or training (NEET) and finalist students seeking their first job, particularly in a more vulnerable situation, living in the Porto Metropolitan Area. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 150 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - Actual number of unique service users or beneficiaries engaged (total) - (Value) | 150 |
| Service and beneficiaries - Unit type of actual service users or beneficiaries engaged - (Value) | Individual |
| Notes - (Value) | The 4 Portuguese SIBs Junior Code Academy, Family Project, Bootcamp Code Academy and Bring Yourself Forward were funded by Calouste Gulbenkian, a grant making Foundation headquarterd in Lisbon. |
| Outcome Funds 1: Id | INDIGO-FUND-0007 |
| Delivery Locations 1: Service Provision ID - (Value) | deliverylocation1 |
| Delivery Locations 1: Location - Name - (Value) | Porto, Portugal |
| Delivery Locations 1: Location - Country - (Value) | PT |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 41.142888 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -8.61375 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Portuguese Social Investment Taskforce - Progress Report: Three years of learning, achievements and new chalenges, p21. Available at:http://taskforce.maze-impact.com/wp-content/uploads/2018/09/Progress_report_EN_WEB_092018.pdf accessed on 7/23/2019. |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Portuguese Social Investment Taskforce - Progress Report: Three years of learning, achievements and new chalenges. Available at:http://taskforce.maze-impact.com/wp-content/uploads/2018/09/Progress_report_EN_WEB_092018.pdf. See also Portugal Inovação Social Webpage (Translated by Google), https://inovacaosocial.portugal2020.pt/sobre/portugal-inovacao-social/ accessed 31/07/19. |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Portugal Inovação Social - Relatório de Execução 2017. Available at: https://inovacaosocial.portugal2020.pt/wp-content/uploads/2019/05/EMPIS_Relat%C3%B3rio-de-Execu%C3%A7%C3%A3o-2017_vf01-1.pdf |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Portuguese Social Investment Taskforce - Progress Report: Three years of learning, achievements and new chalenges. Available at:http://taskforce.maze-impact.com/wp-content/uploads/2018/09/Progress_report_EN_WEB_092018.pdf |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Portugal Inovacao Social and MAZE (communication via emails in April 2020) |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | TESE - Faz-te Forward. Available at: http://www.tese.org.pt/index.php/jovens/2013-10-21-15-30-21 (Own Translation) |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | Portugal Inovação Social, Relatório de Execução 2017, p35, https://inovacaosocial.portugal2020.pt/wp-content/uploads/2019/05/EMPIS_Relat%C3%B3rio-de-Execu%C3%A7%C3%A3o-2017_vf01-1.pdf, accessed 31/007/19. |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Portuguese Social Investment Taskforce Progress Report 2018, p21, http://taskforce.maze-impact.com/wp-content/uploads/2018/09/Progress_report_EN_WEB_092018.pdf accessed 31/07/18 |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Portugal Inovacao Social and MAZE (communication via emails in April 2020); Portugal Inovação Social webpage (translated by Google) at https://inovacaosocial.portugal2020.pt/project/faz-te-forward/ and Portuguese Social Investment Taskforce Progress Report 2018, p21, at:http://taskforce.maze-impact.com/wp-content/uploads/2018/09/Progress_report_EN_WEB_092018.pdf, both accessed 31/7/19. |
| Sources 10: Id | sourcehackandlearn2021-08 |
| Sources 10: Name - (Value) | Hack and Learn - August 2021 |
| Sources 11: Id | source10 |
| Sources 11: Name - (Value) | Final report , Social Impact Bond Faz-Te Forward (Jan 2022) |
| Sources 12: Id | source11 |
| Sources 12: Name - (Value) | Updated data shared by Portugal Social Innovation Fund on 23/05/2022. |
| Sources 13: Id | source12 |
| Sources 13: Name - (Value) | Email correspondence with Portugal Social Innovation Unit on 23/05/2022 |
| Sources 13: Type - (Value) | Email correspondence |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0996 |
| Service Provisions 1: Intervention - (Value) | 10-month mentoring, coaching and employability skills development programme |
| Service Provisions 2: Id | serviceprovision2 |
| Service Provisions 2: Organisation ID - (Value) | INDIGO-ORG-0997 |
| Service Provisions 2: Intervention - (Value) | 10-month mentoring, coaching and employability skills development programme |
| Service Provisions 3: Id | serviceprovision3 |
| Service Provisions 3: Organisation ID - (Value) | INDIGO-ORG-0998 |
| Service Provisions 3: Intervention - (Value) | 10-month mentoring, coaching and employability skills development programme |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0157 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Currency - (Value) | EUR |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 15000000 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount USD - (Value) | 16903362.17409913 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0357 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0174 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0999 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-1000 |
| Intermediary services 3: Organisation ID - (Value) | INDIGO-ORG-0355 |
| Intermediary services 3: Organisation Role Category - (Value) | Performance management |
| Intermediary services 3: Other Role Description - (Value) | Performance management and project monitoring |
| Intermediary services 4: Organisation ID - (Value) | INDIGO-ORG-0996 |
| Intermediary services 4: Organisation Role Category - (Value) | Other |
| Intermediary services 4: Other Role Description - (Value) | TESE (responsible for the implementation of the project in the field) |
| Intermediary services 5: Organisation ID - (Value) | INDIGO-ORG-0932 |
| Intermediary services 5: Organisation Role Category - (Value) | Other |
| Intermediary services 5: Other Role Description - (Value) | The Portugal Social Innovation programme required all SIB projects to have the validation of a public entity to be eligible for funding. The Portuguese Institute for Employment and Vocational Training validated this project. |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | Entering the labor market of at least 40% of the target group with a retention rate of 20% for a minimum of six months |
| Outcome Metrics 1: Target Population - (Value) | Young people not in employment, education or training (NEET) and finalist students seeking their first job, particularly in a more vulnerable situation, living in the Porto Metropolitan Area. |
| Outcome Metrics 1: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 1: Outcome metric target - (Value) | 40% labour market insertion rate and 20% continuity of employment rate |
| Outcome Metrics 1: Policy sector - (Value) | Employment and training |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 1: Notes | The labour market insertion success rate was 45% (against a goal of 40%) and continuity of employment for 6 months occurred in 22.5% of cases (against a goal of 20%). |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Preservation of employment during 6 months. Percentage of young people receiving the intervention that mantain employment for 6 months: 20%. |
| Outcome Metrics 2: Target Population - (Value) | Young people not in employment, education or training (NEET) and finalist students seeking their first job, particularly in a more vulnerable situation, living in the Porto Metropolitan Area. |
| Outcome Metrics 2: Unit type of targeted Service users or beneficiaries - (Value) | Individual |
| Outcome Metrics 2: Outcome metric target - (Value) | 40% labour market insertion rate and 20% continuity of employment rate |
| Outcome Metrics 2: Policy sector - (Value) | Employment and training |
| Outcome Metrics 2: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Primary SDG target - (Value) | 8.5 |
| Outcome Metrics 2: Notes | The labour market insertion success rate was 45% (against a goal of 40%) and continuity of employment for 6 months occurred in 22.5% of cases (against a goal of 20%). |
| Results 1: Outcome Metric Id - (Value) | outcomemetric1 |
| Results 1: Result level - (Value) | Outcome level |
| Results 1: Result type - (Value) | Final |
| Results 1: Outcomes achieved - (Value) | The labour market insertion success rate was 45% (against a goal of 40%). |
| Results 1: Number engaged In impact bond - (Value) | 150 |
| Results 2: Outcome Metric Id - (Value) | outcomemetric2 |
| Results 2: Result level - (Value) | Outcome level |
| Results 2: Result type - (Value) | Final |
| Results 2: Outcomes achieved - (Value) | Continuity of employment for 6 months occurred in 22.5% of cases (against a goal of 20%). |
| Results 2: Number engaged In impact bond - (Value) | 150 |
| Documents 1: Title - (Value) | Final report - Faz-Te Forward |
| Documents 1: URL - (Value) | https://d3mngsh7as69mg.cloudfront.net/documents/SIB-FazTe-Forward-Final-Report-Jan2022.pdf |