The £80m Life Chances Fund (LCF), set up to help the most vulnerable people in society, issued the invitation earlier this year for expressions of interest from public sector organisations commissioning projects to support early years and young people.
The funding is intended for locally-commissioned payment by results contracts which tackle complex social issues via Social Impact Bonds (SIBs) - this might be a public sector body, such as a local authority, working together with, say, a charity. The aim of the fund is to help get projects off the ground where the SIB is of benefit to many public bodies, but where there aren’t enough savings for a single agency to make that contract viable.
Expressions of interest must be in by 31 March 2017
Amongst the six themes eligible for LCF funding are Early Years and Young People, expressions of interest for which must be in by 31 March 2017. The Early Years theme aims to support children from pre-birth to age 5, who are at risk of poor attainment, behaviour and health outcomes whilst the Young People theme focuses on reducing the risk of negative social, economic and health outcomes amongst disadvantaged young people from ages 11-24.
How to give your proposal the greatest chance of success:
1) Get the outcomes right
Focus on outcomes which have been evidenced to create better life changes for children and young people in areas such as learning and development, attainment and behaviour, health and well-being, prenatal care and infant health.
2) Make sure you can evidence those outcomes
It’s crucial that your project not only has measurable outcomes within a reasonable timeframe, but that your authority is able to measure and demonstrate that improvement.
3) Examples of measurable outcomes
Young people: you might analyse and report on academic attainment and not in education, employment or training (NEET) status alongside linked outcomes such as school attendance, exclusions and youth offending statistics as an indicator of success.
Early years: the outcomes are likely to have a medium-term focus on attainment, health and prenatal care outcomes, with a clear link to improving long-term outcomes as well. Examples might be improved school readiness, reduced attainment gap for disadvantaged children, improved oral health, reduced low birth weight, pre-term births and so on.
How can Capita One help support your EOI proposal?
If you’re using One already, you’ll know that, by having a single, comprehensive record of children, you have a clear picture of a child or family's circumstance, reducing the risk of ‘hidden’ data in local systems and providing an early warning system so you can intervene early and improve outcomes.
In particular, the new One Better Start Assessment Portal, One Youth and One Analytics solutions are each naturally aligned to support local authorities to record, track and evidence improved outcomes in line with what the LCF is aiming to achieve:
One Better Start Assessment Portal – a comprehensive view of children’s learning and development, enabling local authorities to introduce a standardised electronic approach to early years assessments amongst providers
One Youth - consolidate information on young people into a single record to identify those at risk and to target and monitor interventions.
One Analytics – business intelligence tools which allow you to identify the delivery areas most suited for commissioned services and to monitor the performance of providers
To find out how Capita One could support your local authority initiatives, including Life Chances Fund projects, please get in touch.