Issue - meetings
Social impact bond to support adults into employment/ Big Lottery funding application - Anthony, Tom Davies and Lina Behrens from Social Finance
Meeting: 06/09/2016 - Cabinet (Item 5)
5 Social Impact Bond Pan-London Care Impact Partnership 
PDF 299 KB
Additional documents:
Decision:
DECISION
1. To authorise the Corporate Director of Children’s Services to act as the lead commissioner for the Pan-London Care Impact Partnership.
2. To authorise the Corporate Director of Children’s Services to enter into a contract with the Social Impact Bond provider to support young people and their families in Tower Hamlets.
3. Following consultation with the Corporate Director for Children’s Services, authorise the Service Head - Legal Services to execute all necessary contract documents in respect of the awards of the Pan-London Care Impact Partnership and an outcomes based contract on behalf of Tower Hamlets.
Action by:
CORPORATE DIRECTOR, CHILDREN’S SERVICES (D. JONES)
(Service Head, Resources (K. Bingham)
Minutes:
Councillor Rachael Saunders, Deputy Mayor and Cabinet Member for Education and Children’s Services, introduced the report. She explained that this project involved the Children’s Services directorate working with the Greater London Authority (GLA) and 5 other London Boroughs to develop a social impact bond funded service to prevent adolescents from entering the care system. She considered that this leading edge project was a very good way of providing the best possible support to these young people.
The Mayor welcomed the report highlighting how important the safety of vulnerable young people was to the Authority. He was looking forward to receiving progress reports and he agreed the recommendations as set out.
RESOLVED
1. To authorise the Corporate Director of Children’s Services to act as the lead commissioner for the Pan-London Care Impact Partnership.
2. To authorise the Corporate Director of Children’s Services to enter into a contract with the Social Impact Bond provider to support young people and their families in Tower Hamlets.
3. Following consultation with the Corporate Director for Children’s Services, authorise the Service Head - Legal Services to execute all necessary contract documents in respect of the awards of the Pan-London Care Impact Partnership and an outcomes based contract on behalf of Tower Hamlets.