Birmingham chosen as one of four pilot areas for ‘problem families’ Social Impact Bond

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Birmingham chosen as one of four pilot areas for ‘problem families’ Social Impact Bond

August 26th, 2011 by Alun Severn

Third Sector Online announces today that Birmingham is one of four pilot authorities chosen to test a Social Impact Bond aimed at supporting “problem families”. The other local authorities are Westminster, Hammersmith & Fulham, and Leicestershire.

Each council will devise a contract that specifies targets for families and charities and social enterprises will then bid for the contracts and find private and social investors to give financial backing.

The schemes are due to begin in Spring 2012.

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