Local Solutions and Oakmere Community College awarded Fair Chance Fund
Local Solutions and Oakmere Community College awarded Fair Chance Funding
to support young homeless
Local Solutions, working in partnership with the charity, Oakmere Community College is one of seven projects that have been awarded a share of up to £15 million Fair Chance Funding over 3 years. Funding comprises £10 million from Department for Communities and Local Government and £5 million from the Cabinet Office.
The new Fair Chance Fund, announced at the Youth Homelessness Parliament on 9th December, will pay for sustained housing, employment and educational support for homeless 18 to 24 year olds with investors putting in money now on a long-term payment by results basis.
Young people with the greatest needs, which other services may already have failed, will be helped by charities to find accommodation, gain qualifications and move into work using investment from innovative new social impact bonds.
Fair Chance Fund has been created by the Department for Communities and Local Government and the Cabinet Office to improve the lives of young people who are facing homelessness at a crucial stage in their lives. The funding will be delivered through social impact bonds, a payment by results scheme. The key aim of the fund is to encourage local authorities to work with local partners (public health, voluntary sector organisations, and probation service) to provide a stronger single homeless offer and to prevent single homelessness.
Local Solutions, along with partner, Oakmere Community College, will work with Liverpool and Knowsley Council to support 130 homeless young people to ensure long term solutions are found for their housing, training and employment needs. The programme, which is called AIMS (Accommodation; Intense Mentoring; Skills) has social investment from Big Issue Invest, Key Fund and Big Society Capital.
Steve Hawkins, CEO at Local Solutions commented “We are delighted to have been selected as one of the providers for the innovative Fair Chance Fund and welcome this important new resource that will provide support to those young people who might otherwise be left out. We look forward to strengthening established links with Liverpool and Knowsley Council through the delivery of this valuable service”.
Julie Mousley-Dean, Principal and CEO of Oakmere Community College said – “Local Solutions and Oakmere Community College have a very strong record of helping vulnerable young people to make the most of their potential. This is an exciting opportunity and will enable us to reach out and support even more young people for an even longer period of time”.
AIMS can be accessed via the local accommodation gateway, Mainstay, and via the local Housing Options services.