Project
| ID | INDIGO-POJ-0081 |
|---|---|
| Impact Bond Name - (Value) | Newpin Queensland Social Benefit Bond |
| Stage of Development - (Value) | Complete |
| Dates - Date outcomes contract signed - (Value) | 2017-03 |
| Dates - Anticipated completion date - (Value) | 2024 |
| Dates - Actual completion date - (Value) | 2020-06 |
| Dates - Start date of service provision - (Value) | 2018-01 |
| Dates - Actual end date of service provision - (Value) | 2020-06 |
| Dates - (Source ID's) | source6,source3,source15 |
| Dates - (Notes) | The Newpin Qld SBB terminated in June 2020, before its planned maturity date. A key issue for the Newpin Qld SBB which led to its termination were challenges experienced at the Cairns Newpin Centre, which experienced significantly lower than planned enrolments of families and children. |
| Overall project finance - Total investment commitment - Currency - (Value) | AUD |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 6000000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 4598553.638 |
| Purpose and classifications - Intervention - (Value) | The Newpin (New Parent Infant Network) SBB has a focus on reunifying Aboriginal and Torres Islander children in the child protection system safely with their families. The Newpin Program works intensively to safely return children in out-of-home care to their families. It supports both parents and children in a collaborative person-centred and respectful way through a combination of formal and informal groups. The therapeutic program is centre-based and families will attend the program for a minimum of two days per week for up to eighteen months, as part of working towards family reunification. |
| Purpose and classifications - Policy sector - (Value) | Child and family welfare |
| Purpose and classifications - (Source ID's) | source5,source11 |
| Service and beneficiaries - Target population - (Value) | To be eligible for referral to the Newpin Program, a family must have at least one child: ● who is aged less than five and a half; and ● who is in, has been referred or will be referred to OOHC for at least three months; and ● for whom reunification is considered by the State to be a suitable goal. In addition, the parent has to live within a centre catchment, be female, and be regarded as the target for possible reunification. |
| Service and beneficiaries - (Source ID's) | source12 |
| Delivery Locations 1: Location - Name - (Value) | Cairns, Queensland |
| Delivery Locations 1: Location - Country - (Value) | AU |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | -27.466156 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 153.100209 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 1 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 7 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Newping Queensland Social Benefit Bnd SBB Deed Poll and Purchase Deed, 2017, p. 7 accessed on 27/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Deed-Poll-and-Purchase-Deed.pdf |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 11 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 4 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Investor Report, 2018 p. 6 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-Annual-Report.pdf |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | Interpretation of timeline in Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 13 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 20 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | Industry Moves Newpin Queensland Social Benefit Bond 2017, accessed on 27/09/2017 at https://industrymoves.com/products-services/newpin-queensland-social-benefit-bond-newpin-qld-sbb |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 6 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 11: Id | source11 |
| Sources 11: Name - (Value) | Queenland Treasury, Queensland Social Benefit Bond, 2018 accessed on 26/07/2019 at https://www.treasury.qld.gov.au/programs-and-policies/social-benefit-bonds-pilot-program/newpin-queensland-social-benefit-bond/ and Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 11 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 12: Id | source12 |
| Sources 12: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 13: Id | source13 |
| Sources 13: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Investor Report, 2018 p. 4 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-Annual-Report.pdf |
| Sources 14: Id | source14 |
| Sources 14: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 5 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf Social Ventures Australia Newpin Queensland Social Benefit Bond Information Memorandum, 2017 p. 11 accessed on 26/07/2019 at https://www.socialventures.com.au/assets/Newpin-Qld-SBB-Information-Memorandum-web.pdf |
| Sources 15: Id | sourcehackandlearn2021-08 |
| Sources 15: Name - (Value) | Hack and Learn - August 2021 |
| Sources 16: Id | source15 |
| Sources 16: Name - (Value) | Social Ventures Australia Newpin Queensland Social Benefit Bond Information accessed on 05/10/2021 at https://www.socialventures.com.au/work/newpin-qld-sbb/ |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0011 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0014 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 26500000 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0015 |
| Investments 1: Investment Commitment - Currency - (Value) | AUD |
| Investments 1: Investment Commitment - Amount - Exact - (Value) | 6000000 |
| Investments 1: Investment Commitment - Amount USD - Exact - (Value) | 4598553.638 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0013 |
| Intermediary services 1: Organisation Role Category - (Value) | Performance management |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-0013 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | The payments made by the State to UCQ based on the number of Incremental Reunifications. Incremental Reunifications are the number of children in the Intervention Group that have been, and continue to be, reunified with their parent(s) 18 months after their referral to the Newpin Program, less the Counterfactual Reunifications. Counterfactual Reunifications are the number of reunifications that would have been expected in the absence of the Newpin Program, determined with reference to the number of children in the Intervention Group and the Counterfactual Reunification Rate. |
| Outcome Metrics 1: Primary SDG goal - (Value) | 3 |