23 January | Family Action talks about their journey of taking on social investment

Family Action CEO David Holmes and Chairman Bryan Portman share their thoughts on the journey of taking on social investment in a recent Big Society Capital blog.

Family Action has developed Safe Haven, an innovative intervention which was designed to improve outcomes for particularly vulnerable young people in care through the provision of intensive, wraparound support tailored to the young person’s needs.  The programme offers these young people a 24 hour a day bespoke support package which is also available to their carers and birth families.  Some of these young people can find it so hard to settle in placement (such as a foster home or a children’s home) that they may go through five or more placements in the course of a single year. This inevitably leads to very poor outcomes for the young people involved and escalating levels of vulnerability.  It is also expensive for local authorities. Safe Haven aims to address this issue by providing the right combination of wraparound support for each young person referred to the project so that they can move forward with confidence in their lives.

SASC and Family Action worked on an innovative structure, as an alternative to a Social Impact Bond (SIB), that sees risk shared without too much cost or complexity which resulted in SASC investing £700,000 to support the Safe Haven programme.

Read the blog post here.