Funding homelessness services innovatively across London

DCLG teamThe London Homelessness Social Impact Bond (SIB) was developed by the Department for Communities and Local Government (DCLG) and the Greater London Authority (GLA) in partnership with the London homelessness voluntary sector, and has been running since November 2012.
 
By using a Payment by Results (PbR) funding model, backed by Social Investment, it  allows voluntary sector providers the freedom to innovate to deliver long term results for persistent rough sleepers with complex needs, beyond what has been possible before.

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