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Awarded

Social work and related services

Published

Supplier(s)

Better Outcomes Better Value

Value

6,500,000 GBP

Description

Norfolk County Council has award a contract to an investor provider partnership to establish a special purpose vehicle (SPV) that funds and contracts the delivery of evidenced based interventions which result in a reduction in the number of days that looked after children spend in care. Norfolk County Council applied to the Big Lottery Life Chances Fund for support in the development of a Social Impact Bond (SIB) with the aim of reducing the number of looked after children over a 5 year period. An investor provider partnership established as a special purpose vehicle (SPV) will fund and contract for the delivery of evidenced based interventions which will result in a reduction of the number of days spent in care.

Timeline

Award date

6 years ago

Publish date

6 years ago

Buyer information

Norfolk County Council

Contact:
Joan Murray
Email:
sourcingteam@norfolk.gov.uk

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