Award of Turning the Tide Social Impact Bond for Family Preservation Services to Core Assets Group

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North Somerset Council awarded a contract to Core Assets Group for the Turning the Tide Social Impact Bond, a payment-by-results service aimed at reducing the need for children to be looked after.

The service works with families to help children safely stay at home and to keep placements in care short by reuniting children with their families as soon as possible.

It targets two cohorts: families with a child aged 10-17 currently looked after under s.20 of the Children's Act (1989) with a plan to return home, and families with a child aged 10-17 on the edge of care and at imminent risk of becoming looked after.

The service focuses on improving family functioning and resilience to improve outcomes for an estimated 240 children over an initial five-year period, with an option to extend to seven years.

Payments are linked to primary outcomes such as the child being reunited with the family, improved measured family functioning and child well-being, and the child remaining home with their family.

The contract value is £33,250,000.