The council had previously said it was considering taking out loans to fund the expansion of its multi-systemic therapy teams who work with children and families.
But in an announcement today (7 February), the authority revealed it is planning to attract private investment through the use of social impact bonds – where investors only receive a financial return on their investment if the programme hits its target.
The council has already completed the feasibility stage of the programme working with Social Finance Ltd, which showed that social impact bonds could be used to provide intensive treatment to adolescents on the edge of care.
Register Now to Continue Reading
Thank you for visiting Children & Young People Now and making use of our archive of more than 60,000 expert features, topics hubs, case studies and policy updates. Why not register today and enjoy the following great benefits:
What's Included
-
Free access to 4 subscriber-only articles per month
-
Email newsletter providing advice and guidance across the sector
Already have an account? Sign in here
