Fair Chance Fund – Congratulations to Fusion Housing

Seven projects have been awarded a share of up to £15 million Fair Chance Funding over 3 years from January 2015.

Up to 7 new Social Impact Bonds to help turn around the lives of the most vulnerable young homeless people.

Funding comprises £10 million from Department for Communities and Local Government and £5 million from the Cabinet Office Social Outcomes Fund.

The winning Fair Chance Fund bids are led by:

  • DePaul UK – working in Greenwich, Manchester, Oldham and Rochdale
  • Fusion Housing – working in Kirklees, Calderdale and Wakefield
  • Home Group – working in Newcastle, Northumberland, South Tyneside, North Tyneside, Gateshead, Durham and Sunderland
  • Local Solutions – working in Liverpool and Knowsley
  • P3 – working in Gloucestershire, Tewkesbury, Forest of Dean, Stroud, Cheltenham, Gloucester City and Cotswold
  • St Basils – working in Birmingham, Coventry, Solihull, Walsall and Wyre Forest
  • The Y – working in Leicester, Leicestershire, Derby and Derbyshire

Outcomes payments will be made according to whether young homeless people with complex needs can:

  • sustain settled accommodation for 3 months, 6 months, 12 months and 18 months
  • achieve National Vocational Qualification equivalent qualifications
  • maintain volunteering
  • sustain full time or part time work for between 6 and 26 weeks

The detailed Fair Chance Fund eligibility criteria for young people are as follows:

Providers can only claim outcome payments for young people who meet all of the following criteria:

  • aged 18 to 24 (21 and over if they are care leavers)
  • not in employment, education or training
  • homeless as defined in the homelessness legislation but not in priority need under that legislation
  • a priority for local authority support but unable to be accommodated in a supported housing scheme due to eg:

o       previous difficulties in, or eviction from, supported accommodation indicating that available supported housing provision is unlikely to succeed

o       security issues eg for young people involved in gangs or those who have committed serious offences

o       their needs are deemed too high/complex to manage within a supported housing scheme because of eg substance misuse, significant mental health issues, low/medium learning disability or personality disorders but not reaching the threshold for adult social care services

o       lack of specialist supported accommodation