Published date: 29 March 2017

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 19 May 2017

Contract summary

Industry

  • Welfare services for children and young people - 85311300

Location of contract

London

Value of contract

£5,000,000 to £20,000,000

Procurement reference

TOWER001-DN251484-79431167

Published date

29 March 2017

Closing date

19 May 2017

Contract start date

1 September 2017

Contract end date

28 February 2023

Contract type

Service contract

Procedure type

Other:

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes


Description

Tower Hamlets Children's Services has been working with the Greater London Authority and four other London Boroughs - Bexley, Merton, Newham and Sutton (the Pan-London Care Impact Partnership) - to develop a Social Impact Bond (SIB) funded service to prevent adolescents entering the care system. We are seeking a Provider who will act as the Platform for the Social Impact Bond which will comprise of a Special Purpose Vehicle who will have management responsibility for the SIB, will secure social investment and secure the provision of services to work with families whose children are on the edge of care. They will also be responsible for tracking success and the delivery of all contractual obligations.


About the buyer

Contact name

John Collins

Address

Mulberry Place
London
E14 2BG
United Kingdom

Telephone

+44 2073644099

Email

john.collins@towerhamlets.gov.uk

Website

http://www.towerhamlets.gov.uk