The Action for Children Manchester fostering bond continues to garner attention today, two stories, happy reading:
First SIB To Fund Foster Placements For Children In Care: How Does It Work?
Claudia Cahalane – The Guardian
This will be the first SIB to fund foster placements for children in residential care. It’s a five-year programme which will see Action for Children find specialist foster placements for young people (approximately 100 children) who are currently living in residential care homes. The foster carers will be trained to provide multi-dimensional treatment foster care (MTFC), which is designed to help young people with challenging emotional and behavioural difficulties move back into family settings.
Manchester City Council has commissioned Action for Children to run the SIB.
Bridges Social Impact Bond Fund will provide £1.2m working capital to set up the programme and recruit two teams of MTFC foster carers and therapists. Return of capital to investors (who pay into Bridges) and any surplus will only be paid if the programme is successful. Action for Children predicts the MTFC programme will generate savings for the council, some of which will go to the costs of the programme after year one.
Action for Children already runs a successful MTFC service in Hampshire. For those young people who completed a three to five-month programme, results showed a 94% reduction in offending. Success here, according to Action for Children, will be judged by the stability of long-term foster placements and child wellbeing outcomes, including school attendance and attainment and reduction in anti-social behaviour. But it hasn’t given any figures on the number of children or levels of change hoped for.
Action For Children To Fund Foster Placements With £1.2m SIB
Andy Ricketts – Third Sector
A five-year scheme has been commissioned by Manchester City Council and funded by the Bridges Social Impact Bond Fund
Action for Children has launched a £1.2m social impact bond to fund foster placements for children in residential care in Manchester.
The charity said the five-year scheme, which has been commissioned by Manchester City Council and funded by the Bridges Social Impact Bond Fund, was the first SIB to fund foster placements.
The project will involve moving an initial group of eight children with challenging behaviour from residential homes to foster placements with the aim of improving their conduct and life chances.
Foster carers will be trained to provide “multi-dimensional treatment foster care”, which helps young people with challenging emotional and behavioural difficulties move into family settings.
The scheme aims to work with at least 95 young people over its five-year term.
The council estimated that the scheme could save it up to £4.7m over eight years, and said that if it was successful it could be replicated.