Truancy As Impact Metric

Table 4: Innovation Fund Round 1 Rate Card OUTCOME PAYMENT PER INDIVIDUAL Improved behavior at school (Measured by a letter from a teacher) £800 Stop persistent truancy (absent for over 10% of school days per year) £1,300 Achievement of First National Qualifications Framework (NQF) Level 2 qualification £2,200 Achievement of First NQF Level 1 qualification £700 Entry into first employment including a training element £2,600 Entry into sustained employment £1,000 Completion of first NQL Level 3 training/ vocational qualifications £3,300 Successful completion of an ESOL course £1,200 Entry into education at NQF level 4 £2,000 Source: Centre for Social Impact Bonds (2013). Note: Outcomes can only be claimed once per individual . Total payments per individual are capped at £8,200 and each SIB contract has a maximum payment cap across all individuals .