Homelessness 'bond' is seeing results
- 02 Sep
Results are being seen from the use of social impact bonds used by homelessness charities in London.
In November last year the Greater London Assembly gave contracts to two charities to provide a £5 million homelessness service for 830 rough sleepers. Through the bond, the charities, Thames Reach and St Mungo's were meant to reduce the number of rough sleepers in London and help them move into stable accommodation.
Inside Housing reported since this scheme has been in place Thames Reach has worked with 415 people and 320 of these people have been taken off the streets since the project began. 70 of these people are now in stable accommodation. They have also attracted investors, which include a £250,000 loan from Big Issue Invest.
The social impact bonds will run for three years and were developed by the GLA and funded by the Communities and Local Government department for outcomes worth up to £5 million.
Social impact bonds differ from government payment-by-results schemes as they involve a third party, a private investor putting up the finances. This means that smaller charities that are unable to bid for government payment-by results contracts are still able to run bond-funded projects. They also allow private investors to invest in projects designed to address specific problems. Investors only get paid a return if the project is successful.
Image source: http://www.sxc.hu/photo/691662
- 11 Sep
New service to support homeless people in Birmingham
A new dedicated Homeless Street Triage car will be responding to the rising number of calls reporting homelessness, begging and anti-social drinking in the city, reports 24dash.In the last year –...
- 09 Sep
Gym in Kent hopes to improve health and fitness of homeless people
Riverside is a specialist in working with single homeless people to help them get their lives back on track and into accommodation. Their new project, a gymnasium, has been funded by the Riverside...
- 08 Sep
The cost of homelessness in Hackney doubles
Figures have shown that the cost of homelessness in 2009/10 was £3,092,255 compared to £7,167,440 in 2014/15, with a cut on staff spending from £3,239,653 to £2,608,491 reports 24dash.Hackney...
- 04 Sep
Two homelessness services to be investigated
The Scottish Housing Regulator is set to investigate every aspect of services offered by Dumfries and Galloway Council, whilst also examining how homeless people access help and support at Scottish...
- 03 Sep
Homeless project for young people under threat due to cuts
Platform for Life was expected to attract interest from numerous housing associations with its scheme to convert properties into accommodation for young people in further education, training or work,...
- 01 Sep
Charities warns Irish government of homelessness crisis
Social Justice Ireland is calling for a new funding system that will meet the demand and reveal that only 20 council homes for families have been completed within the first three months of this year,...
- 26 Aug
Newspaper office to become a centre for homeless people
The old office for the Doncaster Free Press is being transformed into flats and other facilities for people who are homeless, reports Hold the Front Page. The building is being turned into...
- 20 Aug
Cuts leaving people in Cheltenham needing homelessness support
Bosses at CCP and Cheltenham Borough Council have said the “devastating impact” of benefit cuts in the town are causing issues for many people, report the Gloucestershire Echo.Over the past few...
- 19 Aug
Concern that homelessness in Cambridge is at ‘tipping point’
Not only do figures show a rise in quarterly numbers by 24 households, they also reveal that over 350 cases were placed in temporary accommodation over the last year, which was a rise of 50 cases on...
- 11 Aug
Charities say Wales is “setting an example” for homelessness
A joint report by Crisis and the Joseph Rowntree Foundation has praised Welsh laws that are trying to address the issues of homelessness, reports the BBC.However they warn that the removal of...
The Welfare Reform Act: Universal Credit, Sheltered and Supported Housing The content was concise and to the point. The content was relevant to our service, and gave us a better us a better indication of were stand with upcoming changes. Rosie Kaur - Panahghar