Evaluation

financing

Can social investment play a role in accelerating an end to homelessness?

Identifying new ways to address homelessness have never been more important. Ending rough sleeping remains a government commitment, but this challenge is likely to become tougher during the cost of living crisis. Social investment could be one solution.

The use of social investment to address issues around homelessness is not new. Over the last ten years a number of Social Impact Bonds (SIBs) have targeted homelessness including in London and The GM Homes Partnership in Greater Manchester. 

This project aims to understand the role of social investment in supporting people who have experienced, or are at risk of experiencing rough sleeping and homelessness by evaluating the Everyone In social investment pilot.

How we are going about it

It will start with a four-month feasibility study, which will assess different impact evaluation designs and the size of the social investment market for rough sleeping or homelessness accommodation. This will be followed by a  three-year evaluation to assess the effectiveness of the pilot. 

During the evaluation we will train and support some of the people who access the accommodation through this project to share their stories, which will form an important strand of the impact evaluation.

Can social investment play a role in accelerating an end to homelessness?

Topic
Accommodation
project dates
March 2022 - present
project leads
hello@homelessnessimpact.org
Can social investment play a role in accelerating an end to homelessness?
The Centre for Homelessness Impact a member of a consortium that is evaluating a three-year social investment pilot that aims to deliver over 200 move-on homes for people sleeping rough and those at risk of homelessness. The pilot is the result of a partnership between Big Society Capital, the Department for Levelling Up, Housing and Communities (DLUHC), Bridges Fund Management, Resonance, and Social and Sustainable Capital (SASC). The Policy Evaluation and Research Unit at Manchester Metropolitan University is leading this evaluation and working in partnership with the Centre for Homelessness Impact, the UK Collaborative Centre for Housing Evidence, the Institute of Social Policy, Housing and Equalities Research (I-SPHERE), People’s Voice Media and the Sol Price Center for Social Innovation at the University of Southern California. The is to understand the role of social investment in supporting people who have experienced, or are at risk of experiencing rough sleeping and homelessness. We are starting with a four-month feasibility study, followed by a three-year evaluation to assess the effectiveness of this pilot. During the feasibility study, we are assessing different impact evaluation designs and assessing the size of the social investment market for rough sleeping or homelessness accommodation. Some elements of the main study are dependent on the outcome of the feasibility study, but key elements will include a process evaluation, an impact evaluation, and an economic evaluation. During the evaluation we will train and support some of the people who access the accommodation to tell their stories and these stories will form an important strand of the impact evaluation.
The Policy Evaluation and Research Unit (PERU) at Manchester Metropolitan University
People’s Voice Media
Institute of Social Policy, Housing and Equalities Research (I-SPHERE)
UK Collaborative Centre for Housing Evidence
Sol Price Center for Social Innovation
University of Southern California
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