1. Helping individuals give to charity
  2. Making charities stronger
  3. CAF Venturesome >
  4. Governance >
  5. Global Alliance >
  6. Campaigns and Public Affairs >
  7. Research >
  8. Blog Home >
  9. CAF Resilience programme >
  10. Careers >
  11. Media office >
    1. CAF welcomes party leaders’ commitments to Legacy 10 campaign
    2. CAF welcomes launch of Give More campaign
    3. New online tool for charities makes social investment simple
    4. Religious donors give more than double those of no faith
    5. Paul Cheng moves on from CAF
    6. Ted Hart appointed new CEO of CAF America
    7. CAF respond to arts donation figures
    8. Government urged to foster stronger giving culture
    9. Tax changes could strangle major donations - says charity
    10. Motherhood can change our giving
    11. CAF and Legal & General to launch pioneering local social investment scheme
    12. Charity staff in Kent help bring in £37,000 for Sport Relief
    13. CAF leads campaign with NCVO to drop ‘charity tax’
    14. Philanthropists say Budget change will slash charitable donations
    15. CAF responds to Chancellor's comments about tax relief
    16. Top charity execs: Government cap on tax relief will hit donations from major donors
    17. Poll reveals scale of backbench discontent on charity tax changes
    18. CAF responds to comments made by Treasury minister David Gauke
    19. South London music charity keeps up their good work
    20. Fewer than one in four support Government tax relief cap on charitable donations
    21. CAF congratulates winners of 2012 Business Charity Awards
    22. The Sunday Times Giving List 2012
    23. Charity Awards 2012 shortlist
    24. Charity Tax cap will cost society up to £1.5 billion a year
    25. Pasty tax and caravan tax: charity tax must be next to save “Big Society” says charity
    26. Our response to Government u-turn on charity tax
    27. Her Majesty’s Charity Work is an Example to the World
    28. HALO Trust wins top award at Charity Awards 2012
    29. Government announces endowment funds to arts organisations
    30. CAF comments on Government's announcement on Giving
    31. Donations to Armed Forces charities surge, while giving to other charities dips
    32. United Score in First Premiership Battle as Britain’s First League of Giving is Revealed
    33. CAF Social Impact Fund supports 80,000 in a year, as demand for charity funding grows
    34. Community sports clubs and charities face 15% slump in income – despite 'Olympic Effect'
    35. Make people with disabilities role models say public as Paralympic Effect takes hold – poll
    36. Payroll Giving organisations seek ways to work together
    37. Banking reforms will cost charities millions, say charity leaders
    38. Ed Balls Tops CAF's Generation Game
    39. Charities face generation time-bomb, as younger people lose the habit of giving – report
    40. Government-backed programme to fund ‘good causes’ launches
    41. Government payment by results reforms risk leaving charities in the cold – report
    42. Banking Reform Bill will leave charity cash at risk
    43. CAF responds to PM's announcement on payment-by-results contracts
    44. CAF contact centre 7th in top industry award
    45. Donations to charity fall by 20% as fewer people give, UK Giving 2012 finds
    46. Charities Aid Foundation backing this year’s Children in Need
  12. Events >
  13. Publications >
  14. CAF Glossary of terms
  15. Security centre >

Media office

CAF is one of Europe’s largest charitable foundations. We produce research on charities and charitable giving, develop policy ideas and work with people, companies and charities to help good causes thrive.

Our Media team provides journalists with comments, interviews and information. We can be contacted 24/7 and have an ISDN line for broadcast interviews. Call us on 03000 123 286.

Press releases

Contact our Media team

Press office direct line (24 hours): 03000 123 286


First social impact bond designed to help London’s rough sleepers off the street

14 December 2012

A new social impact bond, designed to alleviate homelessness in London, is the result of an innovative new partnership between corporate investors, a leading charity and the Greater London Authority.

The ‘Street Impact’ programme will be delivered by St Mungo’s, one of the UK’s leading homelessness charities, with the aim of helping 400 people sleeping rough to rebuild their lives away from the streets.

The three-year funding to St Mungo’s is through a Mayor commissioned payment-by-results contract, successfully secured through Triodos Corporate Finance and social investment fund CAF Venturesome.

How it works

The Mayor has agreed the three year payment-by-results contract with St Mungo’s, which will enable the charity to earn up to £2.4m. It is designed to remunerate them for achieving prescribed targets with a group of around 400 named rough sleepers in central, north and west London. The targets include achieving sustained accommodation, reduction in visits to A&E hospital departments, supporting people into volunteering or work, or reconnections overseas.

To enable the cost of programme delivery social investors CAF Venturesome, several socially driven investors and Triodos Corporate Finance raised £650,000 upfront working capital needed by St Mungo’s by way of a social impact bond.

Mike McCall, Executive Director of Operations at St Mungo’s said: “We’re doing this because we want to help people rebuild their lives away from the streets. The social impact bond is a new way of working for us but we have been helping people with complicated alcohol, drug, mental or physical health histories to get their lives back on track for many years and we know that personalised, long term support is what makes the difference. This is an opportunity to really make an impact for some of the most disadvantaged people in London. 

London Mayor Boris Johnson said:  “The commitment shown by Triodos Corporate Finance is a fantastic example of a private company working with the voluntary sector and not-for-profit CAF Venturesome  to help get people off the streets and into the services they need to turn their lives around. As we push on with the challenge of ending rough sleeping in the capital, it will be forward thinking innovative partnerships such as this which will play an increasingly important role in achieving this goal.”

Developing social investment

This is the second payment-by-results project that the Triodos team has completed this year, having also launched the Triodos New Horizons programme with youth service provider Greater Merseyside Connexions Partnership in May. Both have involved raising private sector social investment to help deliver positive social impact to disadvantaged groups of people. The lead institutional investor in the latest bond was CAF Venturesome, who are taking up a board position within the Street Impact project.

Dan Hird, Head of Corporate Finance at Triodos commented: “We are privileged to have worked on this deal with St Mungo’s whose incredible activities on the ground help to transform the lives of homeless people. We are also pleased to have achieved a good blend of institutional and private social investors in this deal which we see as important if future social impact bonds are to address social problems at a meaningful scale.”

Stephanie Poole, Director of Social Investment at CAF said: “Since the contract is on a payments-by-results basis, St Mungo’s will only be paid once it achieves certain goals, so CAF Venturesome stepped in to support this project with the up-front investment needed to get this exciting and innovative project get underway. We are delighted that several individuals have chosen to support the project alongside us.”


Media contacts

For more information please contact a member of our media team.

Back to top