Transcript Living Balance - Fife Voluntary Action

Jill McGrath
Chief Executive
YMCA Perth and District
Delivery via Social Impact Bond
Outcomes-based contract in which public sector
commissioners commit to pay for significant
improvement in social outcomes for a defined
population
Private investment is used to pay for interventions
Financial returns are made on the basis of improved
social outcomes which are paid for by public bodies
Delivery Structure for Living
Balance
Department for Work
and Pensions
Investors
Intermediary
Perth YMCA
Local Partners
How Does Living Balance Work?
A portfolio of investors have been created and they
have jointly invested in Living Balance
As each outcome is achieved e.g. improved attendance
at school, qualification achieved etc. Intermediary
claims a payment from DWP
These payments will ensure continued delivery
At the end of the programme, investors will be paid
back their initial investment and interest (subject to
outcomes being achieved)
Living Balance Overview
 Long Term support
 Individual approach focussing on each young persons
abilities, challenges and aspirations through 1:1 and
group work
 From 1 hour per week to full time hours
 Development Awards – up to £250
 Work placement opportunities & Employment
 Qualifications
 Continuity of support
300 young people aged 14-24yrs
Referral Organisations
 Schools
 Jobcentre Plus
 Skills Development Scotland
 Social Work
 Drug & Alcohol Team
 Youth Justice
 Youth Services
 Homeless Units
 Mental Health Team
 Self Referral
What have our young people
achieved? (18 Months)
 117 Level 1/ SCQF 4 Qualification
 64 Level 2/ SCQF 5 Qualification
6
Level 3/ SCQF 6 Qualification
 49 Supported into work
(approx 63/65 %)
 46 Still in employment
 18 Improved attendance at school
 30 Improved behaviour at school
Key Benefits & Risks
 Stability
 Flexibility
 Longer term support
 Intermediary support
 Investment in social
enterprises
 Partnership
 Investors get a return and
achieve social good
 DWP obligations must be
met
 Ensuring relevant
information for claims for
outcomes
 Outcome achievement impacts on cashflow &
investments
 Obligation to achieve
outcomes based on
innovation
 Wider environment
Contact Details
Jill McGrath
YMCA Perth & District
5 Charlotte Street
Perth
PH1 5LW
[email protected]
01738 630 121
Questions