Bridges Social Outcomes Fund II (2020)
|Primary impact area||Impact area||Geographic location of impact||Investment commencement||SDG alignment|
|Social||Social care & Provision of Community Services||United Kingdom||2019||
Social services are key to improving the lives of vulnerable and underserved people in the United Kingdom (UK). By supporting numerous Social Outcomes Contracts (SOCs) commissioned by local and central Government departments, the £35m Bridges Social Outcomes Fund II provides working capital and additional management resources for delivery partners providing vital services in areas including children and families, housing, employment, health and social care.
These outcome-based contracts are structured so that the commissioner pays directly for social improvements achieved by providers. This means the Bridges funds only make a financial return if valuable outcomes are delivered for communities and the government.
These contracts support projects that are touching thousands of lives, including: helping families whose children are at risk of being taken into care to stay together; enabling people to better manage their long-term health conditions; supporting young people at risk of homelessness; and supporting disadvantaged children who are struggling at school. Collectively, the projects supported by Bridges have already delivered positive social outcomes with a short-term value to Government of over £75m.
The contracts supported by Bridges have contributed to reduced levels of homelessness and improved education, health and wellbeing and employment outcomes amongst its target groups, including:
- Over 125,000 days out of care achieved
- About 11,000 qualifications achieved
- Over 2,500 people helped to enter and or sustain accommodation
- Nearly 4,000 well-being improvements for people with long-term health conditions.
Bridges Social Outcomes Fund II is expected to achieve further successes in these areas over its 12-year term (which includes a 6-year investment period). These results will ultimately help to build stronger, more inclusive communities across the UK.