Social impact bonds (1)

Meeting: 
MQT on 2017-10-12
Session date: 
October 12, 2017
Reference: 
2017/3884
Question By: 
Andrew Boff
Organisation: 
GLA Conservatives
Asked Of: 
The Mayor

Question

When do you intend to issue a new social impact bond for rough sleeping, what will be its value, and how will the money be used?

Answer

Answer for Social impact bonds (1)

Answer for Social impact bonds (1)

Answered By: 
The Mayor

My new social impact bond, for around 350 of London's most entrenched rough sleepers, commenced on 1 October 2017. This payment by results project will focus on achieving accommodation, employment and improved health and well-being outcomes. The maximum value of the project is £3m.