Project
| ID | INDIGO-POJ-0202 |
|---|---|
| Impact Bond Name - (Value) | Living Learning (Victoria) |
| Stage of Development - (Value) | Implementation |
| Stage of Development - (Source ID's) | source1 |
| Social Investment Prototype - (Value) | NO |
| Dates - Start date of service provision - (Value) | 2020 |
| Dates - (Source ID's) | source1 |
| Purpose and classifications - Social challenge - (Value) | The program will provide three years of education and wraparound mental health support to Victorian young people with complex needs. |
| Purpose and classifications - Intervention - (Value) | Three-year program through MCM's independent school, the Hester Hornbrook Academy which has specialised campuses across Melbourne |
| Purpose and classifications - Policy sector - (Value) | Education |
| Purpose and classifications - (Source ID's) | source1, source2 |
| Service and beneficiaries - Target population - (Value) | Young people (15 to 21 years old) who have become disengaged from school and are living with mental health conditions. |
| Service and beneficiaries - Targeted number of unique service users or beneficiaries (total) - (Value) | 144 |
| Service and beneficiaries - Unit type of targeted service users or beneficiaries - (Value) | Individual |
| Service and beneficiaries - (Source ID's) | source1, source2 |
| Delivery Locations 1: Location - Name - (Value) | Melbourne |
| Delivery Locations 1: Location - Country - (Value) | AU |
| Delivery Locations 1: Lat/Lng - Lat - (Value) | -37.840935 |
| Delivery Locations 1: Lat/Lng - Lng - (Value) | 144.946457 |
| Delivery Locations 1: Notes | Melbourne City Mission (MCM) will deliver the program at its Hester Hornbrook Academy, which has specialised campuses across Melbourne. |
| Sources 1: Id | source1 |
| Sources 1: Name - (Value) | Media Release from Victoria State Government |
| Sources 1: Publishing Organisations - (Value) | Victoria State Government |
| Sources 1: URL - (Value) | https://www.premier.vic.gov.au/innovative-program-helping-young-people-finish-school |
| Sources 2: Id | source2 |
| Sources 2: Name - (Value) | Latitude Network Blog Post |
| Sources 2: Type - (Value) | Website |
| Sources 2: Publishing Organisations - (Value) | Latitude Network |
| Sources 2: URL - (Value) | http://www.latitude.network/blog/launch-of-mcm-social-impact-investment |
| Sources 3: Id | source3 |
| Sources 3: Name - (Value) | Pro Bono Australia Blog Post |
| Sources 3: Type - (Value) | Website |
| Sources 3: Publishing Organisations - (Value) | Pro Bono Australia |
| Sources 3: URL - (Value) | https://probonoaustralia.com.au/news/2020/10/new-social-impact-bond-focuses-on-disengaged-students/ |
| Service Provisions 1: Id | serviceprovision1 |
| Service Provisions 1: Organisation ID - (Value) | INDIGO-ORG-1129 |
| Service Provisions 1: Organisation Role Category - (Value) | For-profit |
| Service Provisions 1: Intervention - (Value) | MCM runs a flexible education program tailored towards providing a supportive environment to young people experiencing barriers |
| Outcome Payment Commitments 1: Organisation ID - (Value) | INDIGO-ORG-0920 |
| Outcome Payment Commitments 1: Organisation Role Category - (Value) | Government/Public Sector/Public Bank |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Currency - (Value) | AUD |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount - (Value) | 15000000 |
| Outcome Payment Commitments 1: Maximum potential Outcome payment - Amount USD - (Value) | 10041000 |
| Intermediary services 1: Organisation ID - (Value) | INDIGO-ORG-0917 |
| Intermediary services 1: Organisation Role Category - (Value) | Technical assistance |
| Intermediary services 1: Other Role Description - (Value) | Latitude Network supported MCM in its initial application and throughout the negotiation with Government, providing advice and technical assistance across service design, financial model, negotiation and data use |
| Intermediary services 2: Organisation ID - (Value) | INDIGO-ORG-1130 |
| Intermediary services 2: Organisation Role Category - (Value) | Impact bond investment structure |