Charities have struggled to meet their rough sleeping
reduction targets under a £5m payment by results scheme to tackle homelessness
in London. The social impact bond (SIB), developed by the Greater London
Authority and the CLG, works with 831 entrenched rough sleepers in the capital.
Under the scheme, launched in 2012, homelessness charities are paid on outcomes
such as reduced rough sleeping, sustained accommodation and less visits to hospital.
The CLG’s evaluation of the scheme said charities had struggled to meet their
quarterly reduction in rough sleeping targets. Download a copy of the
evaluation from the CLG website.
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