Award of Outcomes-Based Social Impact Bond Contract for Children at Risk of Care to Bridges Fund Management
Suffolk Sourcing · Awarded contract
AwardedAward of Outcomes-Based Social Impact Bond Contract for Children at Risk of Care to Bridges Fund Management
Awarded 31 Jul 2018
Awarded31 Jul 2018
Value£7,700,000.00
SupplierBridges Fund Management
AgencySuffolk Sourcing
RegionEast of England
CategoryPublic Services & Welfare
Ended 10mo ago7y 5mo term
Awarded 31 July 2018Expired 31 Dec 2025
About
Suffolk Sourcing awarded a contract to Bridges Fund Management for an outcomes-based contract using a Social Impact Bond structure to reduce the number of young people aged 11-17 entering and remaining in care.
The contract, valued at £7,700,000, involves commissioning a Social Investor and Service Provider to deliver a Therapeutic Service comprising Intensive Intervention followed by Monitoring & Maintenance, supporting young people and their families to safely remain together.
The service will use evidence-based approaches such as Functional Family Therapy, Multi-Systemic Therapy, Triple P, or Solution Focused-Brief Therapy, and will work collaboratively with social workers, schools, health services, and other specialist services.
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Award of Outcomes-Based Social Impact Bond Contract for Children at Risk of Care to Bridges Fund Management
Won by Bridges Fund Management · Suffolk Sourcing
£7.7Mawarded
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Children and Young People’s Care and Support Framework (BNSSG) – Personalised Care, Mental Health Support & Parent/Child AssessmentsHealth & Medical · Closes 1 Jan 2027
Birmingham Children's Trust DPS for Mentoring and Positive Activity Services for Young Offenders and At‑Risk YouthPublic Services & Welfare · Closes 5 Dec 2026
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Key requirementsFrom 12 documents
Who can bidRegistered commercial cleaners
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Insurance£20M public liability
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