Another article on the Action for Children/ Manchester City Council bond for child foster placements is today’s SIB News.
Action For Children To Run New Social Impact Bond
The UK’s first ever social impact bond to fund foster placements for children in residential care will be run by Action for Children.
The £1.2m five-year social impact bond, which was launched in Manchester last week, has been commissioned by Manchester City Council.
Bridges Social Impact Bond Fund will provide the working capital investment in the scheme.
Action for Children will be responsible for finding specialist placements for young people who are currently living in residential care homes.