Project
| ID | INDIGO-POJ-0163 |
|---|---|
| Impact Bond Name - (Value) | Futureshapers Sheffield |
| Stage of Development - (Value) | Complete |
| Dates - Start date of service provision - (Value) | 2015-04 |
| Dates - Actual end date of service provision - (Value) | 2018-09 |
| Dates - (Source ID's) | source6 |
| Overall project finance - Total investment commitment - Currency - (Value) | GBP |
| Overall project finance - Total investment commitment - Amount - Exact - (Value) | 1125000 |
| Overall project finance - Total investment commitment - Amount USD - Exact - (Value) | 1718749.936 |
| Overall project finance - Maximum potential outcome payment - Amount - (Value) | 4000000 |
| Purpose and classifications - Intervention - (Value) | As part of the Youth Engagement Fund, the SIB aims to help disadvantaged young people aged 14 to 17 to participate and succeed in education or training. This aimed to improve their employability, reduce their long term dependency on benefits, and reduce their likelihood of offending. The programme aimed to provide wrap-around support to young people through a personal mentor over an extended time-period, as well as group work, skills development, enrichment activities, work experience opportunities and spot purchasing of specialist support. |
| Purpose and classifications - Policy sector - (Value) | Employment and training |
| Purpose and classifications - (Source ID's) | source10,source1 |
| Service and beneficiaries - Target population - (Value) | Young people aged 14 to 17 in Sheffield who have poor attendance at or have been excluded from school, who have experience in the youth justice system, are ‘looked after’, have special educational needs or disability, or are teen parents |
| Service and beneficiaries - (Source ID's) | source1 |
| Notes - (Value) | The project was managed by an SPV, which included intermediary support from Triodos Bank. |
| Outcome Funds 1: Id | INDIGO-FUND-0001 |
| Delivery Locations 1: Location - Name - (Value) | Sheffield, United Kingdom |
| Delivery Locations 1: Location - Country - (Value) | GB |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | 53.387302 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | -1.466871 |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | (HM Government, 2015) https://www.gov.uk/government/news/new-social-impact-bonds-to-support-public-services |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Social Finance Impact Bond Database (Social Finance, 2019): https://sibdatabase.socialfinance.org.uk/?project_id=47 |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Sheffield Futures website: https://www.sheffieldfutures.org.uk/about-us/future-shapers/ |
| Sources 4: Id | source4 |
| Sources 4: Name - (Value) | (HM Government, 2015) https://www.gov.uk/government/news/new-social-impact-bonds-to-support-public-services and Youth Engagement Fund Evaluation Final Report (Ronicle and Smith, 2020) |
| Sources 5: Id | source5 |
| Sources 5: Name - (Value) | (Centre for Public Impact, 2017): http://socialspider.com/wp-content/uploads/2017/04/SS_SocialImpactReport_4.0.pdf |
| Sources 6: Id | source6 |
| Sources 6: Name - (Value) | Youth Engagement Fund Evaluation Final Report (Ronicle and Smith, 2020) |
| Sources 7: Id | source7 |
| Sources 7: Name - (Value) | Big Society Capital, 'Social Investment Activity December 2016' (BSC, 2017) |
| Sources 8: Id | source8 |
| Sources 8: Name - (Value) | (Ecorys, 2020) Youth Engagement Fund Evaluation |
| Sources 9: Id | source9 |
| Sources 9: Name - (Value) | (The Merlin Standard, 2016), page 1: http://merlinstandard.co.uk/downloads/attachments/Future%20Shapers%20Merlin%20Report%20For%20Publication%20July%202016.pdf |
| Sources 10: Id | source10 |
| Sources 10: Name - (Value) | (HM Government, 2014) https://www.gov.uk/government/publications/youth-engagement-fund-prospectus and Sheffield Futures website: https://www.sheffieldfutures.org.uk/about-us/future-shapers/ and (Ecorys, 2020) Youth Engagement Fund Evaluation |
| Sources 11: Id | source11 |
| Sources 11: Name - (Value) | Youth Engagement Fund Provider Guidance Annex 2 (HM Department for Work and Pensions, 2017) https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/750170/withdrawn-yef-provider-guidance.pdf |
| Sources 12: Id | source12 |
| Sources 12: Name - (Value) | Hack and Learn - March 2021 |
| Sources 13: Id | source13 |
| Sources 13: Name - (Value) | UK Contracts Finder – OCDS |
| Sources 13: Type - (Value) | Website |
| Sources 13: URL - (Value) | https://www.contractsfinder.service.gov.uk/Published/notice/releases/08515cbf-b1dd-410f-9a13-a8f3440e3188.json |
| Sources 13: Accessed Date - (Value) | 2023-03-14 |
| Sources 14: Id | source14 |
| Sources 14: Name - (Value) | UK Contracts Finder – Website |
| Sources 14: Type - (Value) | Website |
| Sources 14: URL - (Value) | https://www.contractsfinder.service.gov.uk/notice/08515cbf-b1dd-410f-9a13-a8f3440e3188?origin=SearchResults&p=1 |
| Sources 14: Accessed Date - (Value) | 2023-03-14 |
| Sources 15: Id | source15 |
| Sources 15: Name - (Value) | Youth Engagement Fund provider guidance version 12 |
| Sources 15: Type - (Value) | Website |
| Sources 15: URL - (Value) | https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/750170/withdrawn-yef-provider-guidance.pdf |
| Sources 15: Accessed Date - (Value) | 2023-01-Apr |
| Sources 16: Id | source16 |
| Sources 16: Name - (Value) | Youth Unemployment Innovation Fund Pilot: Starts and Outcomes |
| Sources 16: Type - (Value) | Website |
| Sources 16: URL - (Value) | https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/491385/youth-unemployment-innovation-fund-pilot-starts-and-otcomes-to-sept-2015.pdf |
| Sources 16: Accessed Date - (Value) | 2023-01-Apr |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-0001 |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0115 |
| Outcome Payment Commitments 2: Organisation ID - (Value) | INDIGO-ORG-0047 |
| Outcome Payment Commitments 3: Organisation ID - (Value) | INDIGO-ORG-0005 |
| Outcome Payment Commitments 4: Organisation ID - (Value) | INDIGO-ORG-0006 |
| Investments 1: Id | investment1 |
| Investments 1: Organisation ID - (Value) | INDIGO-ORG-0007 |
| Investments 2: Id | investment2 |
| Investments 2: Organisation ID - (Value) | INDIGO-ORG-0008 |
| Investments 3: Id | investment3 |
| Investments 3: Organisation ID - (Value) | INDIGO-ORG-0009 |
| Investments 4: Id | investment4 |
| Investments 4: Organisation ID - (Value) | INDIGO-ORG-0010 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0002 |
| Outcome Metrics 1: Id | outcomemetric1 |
| Outcome Metrics 1: Outcome Definition - (Value) | First Improved attitude to school/education The Participant demonstrates a positive change in their disposition towards learning (e.g. willingness to learn; completing homework); a positive attitude towards classroom peers, and those in authority (i.e. teachers/head teachers). This must be identified and verified by a teacher. The improvement has to be demonstrated for a minimum of 13 continuous weeks (not including school holidays) to generate an Outcome payment. This can only be claimed for participants who were 14/15 years old when they started. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper. The evidence should include details about how the young person’s attitude has improved. |
| Outcome Metrics 1: Target Population - (Value) | Young people, outcome can only be claimed for participants who were 14/15 years old when they started. |
| Outcome Metrics 1: Targeted number of service users Or beneficiaries (total) - (Value) | 1319 |
| Outcome Metrics 1: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 1: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 2: Id | outcomemetric2 |
| Outcome Metrics 2: Outcome Definition - (Value) | Improved attendance at School Participants who are ‘Persistent absentees’ means students/pupils absent from school for more than 10% of sessions over the past three terms (authorised or unauthorised absence, as identified by teachers or attendance records). Persistent absence has to decrease to attendance levels associated with the average student, in the Participant’s school year. The improvement has to be demonstrated for a minimum of 13 continuous weeks (not including school holidays) to generate an Outcome payment. This can only be claimed for participants who were 14/15 years old when they started. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper. The letter should include details of the improved attendance level achieved by the young person and indicate the attendance levels associated with the average student in that school year. |
| Outcome Metrics 2: Target Population - (Value) | Young people, outcome can only be claimed for participants who were 14/15 years old when they started. |
| Outcome Metrics 2: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 2: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 3: Id | outcomemetric3 |
| Outcome Metrics 3: Outcome Definition - (Value) | Improved behaviour at school Participants who are at risk of exclusion, or whose behaviour has been identified as poor. This means those “whose behaviour is unacceptable, who break school rules or who fail to follow a reasonable instruction (Section 91 of Education and Inspection Act 2006)”. Behaviour must improve to the standard of behaviour expected of pupils at the school as set out in the school behaviour policy. The improvement has to be demonstrated for a minimum of 13 continuous weeks (not including school holidays) to generate an Outcome payment. This can only be claimed for participants who were 14/15 years old when they started. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper. The letter should include details of the improved behaviour level achieved by the young person and indicate the behaviour levels outlined in the school behaviour policy. |
| Outcome Metrics 3: Target Population - (Value) | Young people, outcome can only be claimed for participants who were 14/15 years old when they started. |
| Outcome Metrics 3: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 3: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 4: Id | outcomemetric4 |
| Outcome Metrics 4: Outcome Definition - (Value) | Qualifications and Credit Framework (QCF) accredited Entry level qualifications (below GCSE) The achievement of a first Qualifications and Credit Framework (QCF) accredited Entry level qualification (below GCSE). These include the following: Skills for Life* at Entry level, Entry level awards*, certificates and diplomas*, Foundation Learning Tier pathways* and Functional Skills at Entry level* (*with a minimum of 40 Guided Learning Hours (GLH)). This can only be claimed for participants who were 14/15 years old when they started. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper covering all the information required or exam results slips or notifications from educational establishments; or a copy of the certificate showing the Participant’s name and date of birth, the Awarding Body, the date of achievement/ award and/or course completion date and the qualification accreditation number |
| Outcome Metrics 4: Target Population - (Value) | Young people, outcome can only be claimed for participants who were 14/15 years old when they started. |
| Outcome Metrics 4: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 4: Secondary SDG goals - (Value) | 4 |
| Outcome Metrics 4: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 4: Secondary SDG targets - (Value) | 4.4 |
| Outcome Metrics 5: Id | outcomemetric5 |
| Outcome Metrics 5: Outcome Definition - (Value) | Improved attitude to school The Participant demonstrates a positive change in their disposition towards learning (e.g. willingness to learn; completing homework); a positive attitude towards classroom peers, and those in authority (i.e. teachers/head teachers). This must be identified and verified by a teacher. The improvement has to be demonstrated for a minimum of 13 continuous weeks (not including school holidays) to generate an Outcome payment. This outcome can only be claimed where the participant was 16 years of age when provision commenced. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper; The evidence should include details about how the young person’s attitude has improved |
| Outcome Metrics 5: Target Population - (Value) | Young people, can only be claimed for participants who were 16+ when they started |
| Outcome Metrics 5: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 5: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 6: Id | outcomemetric6 |
| Outcome Metrics 6: Outcome Definition - (Value) | The achievement of a first QCF accredited Entry level qualification (below GCSE) with a literacy and numeracy focus The achievement of a first QCF accredited Entry level qualification (below GCSE) with a literacy and numeracy focus. These include the following Entry level awards: Entry Level Certificate in Adult Literacy* and Entry Level Certificate in Adult Numeracy* (*with a minimum of 40 Guided Learning Hours (GLH)). These are Entry Level qualifications (below GCSE) accredited in the Qualifications and Credit Framework (QCF) with a literacy and numeracy focus. This outcome is aimed specifically at students aged 16 or above who are working below GCSE level. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper covering all the information required; or exam results slips or notifications from educational establishments; or a copy of the certificate showing the Participant’s name and date of birth, the Awarding Body, the date of achievement/award and/or course completion date and the qualification accreditation number. |
| Outcome Metrics 6: Target Population - (Value) | Young people, can be claimed for either 14/15 or 16+ client group. |
| Outcome Metrics 6: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 6: Secondary SDG goals - (Value) | 4 |
| Outcome Metrics 6: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 6: Secondary SDG targets - (Value) | 4.6 |
| Outcome Metrics 7: Id | outcomemetric7 |
| Outcome Metrics 7: Outcome Definition - (Value) | The achievement of First QCF Level 1 qualification The achievement of First QCF Level 1 qualification Achievements counted as Level 1 in the following qualifications include: At least one GCSE pass (at any pass grade), BTEC awards*, diplomas* and certificates* at Level 1, Cambridge Nationals Level 1* and 2*, Key Skills* level 1, NVQ* at level 1, Skills for Life* at level 1, Functional Skills* level 1, Foundation Learning Tier Pathway* at level 1 (*With a minimum of 120 Guided Learning Hours). Can be claimed for either 14/15 or 16+ client group. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper covering all the information required; or exam results slips or notifications from educational establishments; or a copy of the certificate showing the Participant’s name and date of birth, the Awarding Body, the date of achievement/award and/or course completion date and the qualification accreditation number. |
| Outcome Metrics 7: Target Population - (Value) | Young people, can be claimed for either 14/15 or 16+ client group. |
| Outcome Metrics 7: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 7: Secondary SDG goals - (Value) | 4 |
| Outcome Metrics 7: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 7: Secondary SDG targets - (Value) | 4.4 |
| Outcome Metrics 8: Id | outcomemetric8 |
| Outcome Metrics 8: Outcome Definition - (Value) | The achievement of First QCF Level 2 qualification The achievement of First QCF Level 2 qualification Achievements counted as Level 2 in the following qualifications include: 5 full GCSE/ iGCSE passes including English and Mathematics at grade A* to C or 2 AS level at grade A to E or; 1 A/A2 level at grade A to E or; 1 NVQ*/full VRQ* pass at Level 2 or higher; or 1 International Baccalaureate pass (*with a minimum of 325 Guided Learning Hours). Can be claimed for either 14/15 or 16+ client group. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper covering all the information required; or exam results slips or notifications from educational establishments; or; a copy of the certificate showing the Participant’s name and date of birth, the Awarding Body, the date of achievement/award and/or course completion date and the qualification accreditation number. |
| Outcome Metrics 8: Target Population - (Value) | Young people, can be claimed for either 14/15 or 16+ client group. |
| Outcome Metrics 8: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 8: Secondary SDG goals - (Value) | 4 |
| Outcome Metrics 8: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 8: Secondary SDG targets - (Value) | 4.4 |
| Outcome Metrics 9: Id | outcomemetric9 |
| Outcome Metrics 9: Outcome Definition - (Value) | Completion of first QCF Level 3 training/vocational qualifications. Achievements counted as Level 3 in the following qualifications include: 4 AS level at grade A to E; 2 A/A2 level at grade A to E; 1 NVQ/full VRQ pass at Level 3 or higher (with a minimum of 595 Guided Learning Hours); 1 International Baccalaureate pass; 2 Pre-U Principal Subject or 4 Pre-U Short Course Subjects. Can be claimed for either 14/15 or 16+ client group. A signed and dated confirmation letter from school/teacher/home tutor on official headed paper covering all the information required; or exam results slips or notifications from educational establishments; or a copy of the certificate showing the participant’s name and date of birth, the Awarding Body, the date of achievement/award and/or course completion date and the qualification accreditation number |
| Outcome Metrics 9: Target Population - (Value) | Young people, can be claimed for either 14/15 or 16+ client group. |
| Outcome Metrics 9: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 9: Secondary SDG goals - (Value) | 4 |
| Outcome Metrics 9: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 9: Secondary SDG targets - (Value) | 4.4 |
| Outcome Metrics 10: Id | outcomemetric10 |
| Outcome Metrics 10: Outcome Definition - (Value) | Entry into First Employment (16 or more hours per week) with training element (e.g. an Apprenticeship, or work-based learning). Entry into employment of 16 hours per week or more. For under 18s this includes a part-time education or training element [which counts towards the 16 hours]. A part-time education or training element is defined as at least 280 guided learning hours per year. This employment must have lasted for a minimum of 13 continuous or cumulative weeks in order for it to generate an Outcome payment. Self-employment is also included. Confirmation letter from employer (Employer Verification Template), supported by evidence e.g. business card, trade invoices, utility bills etc. For self-employed individuals, Self Employment Verification Template must be supported by evidence that the individual is trading e.g. trading bank statements, National Insurance contributions, trade invoices etc. Including for under 18s details of the part-time education or training element is also required to confirm the employment meets the necessary Guided Learning Hours requirement. |
| Outcome Metrics 10: Target Population - (Value) | Young people, can be claimed for either 14/15 or 16+ client group. |
| Outcome Metrics 10: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 10: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 10: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 10: Secondary SDG targets - (Value) | 10.2 |
| Outcome Metrics 11: Id | outcomemetric11 |
| Outcome Metrics 11: Outcome Definition - (Value) | Entry into sustained employment – 26 weeks Sustained employment is where a participant has been in employment and off benefit for a total of 26 weeks: and specifically where a Job Outcome payment has been paid; and thirteen continuous weeks in employment have elapsed between the Job Outcome payment date. Again, for under 18s, a part-time education or training element is required. Confirmation letter from employer (Employer Verification Template), supported by evidence e.g. business card, trade invoices, utility bills etc. For self-employed individuals, Self Employment Verification Template must be supported by evidence that the individual is trading e.g. trading bank statements, National Insurance contributions, trade invoices etc. Including for under 18s details of the part-time education or training element is also required to confirm the employment meets the necessary Guided Learning Hours requirement. |
| Outcome Metrics 11: Target Population - (Value) | Young people, can be claimed for either 14/15 or 16+ client group. |
| Outcome Metrics 11: Primary SDG goal - (Value) | 8 |
| Outcome Metrics 11: Secondary SDG goals - (Value) | 10 |
| Outcome Metrics 11: Primary SDG target - (Value) | 8.6 |
| Outcome Metrics 11: Secondary SDG targets - (Value) | 10.2 |
| Open Contracting data 1: OCID | ocds-b5fd17-9cb254ce-adc8-11e6-9901-0019b9f3037b |