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Manchester gives green light to social impact bond scheme

Councillors in Manchester have voted to press ahead with plans to introduce intensive foster care for children currently living in residential care homes, funded by social impact bonds.

Manchester City Council’s executive agreed to pilot the scheme whereby the council will partner with an investor that will underwrite the multi-systemic treatment foster care project, with the hope of saving £4.7m over eight years.

Initially, eight children currently living in residential homes will be moved to live with specially trained foster carers who will work with the child for between six months to a year, during which time the foster carers will also receive round-the-clock support.

The children will also receive support from a therapist, skills coach and education worker.

Jenny Andrews, deputy director of children's services in Manchester, said: "We believe that if we can move some of our most troubled young people out of residential care and into foster care where they will receive intensive one-to-one support, then this will provide them with the right family setting and the right kind of support to overcome their complex behaviours.

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