LATITUDE.NETWORK
  • About
    • Our Team
    • Vision
  • Services
    • Research
    • Service Design >
      • Outcomes-based Infrastructure
    • Operations Systems
    • Data & Analytics >
      • Data Partnerships
      • Data Analytics
    • High Performance
    • Impact & Funding >
      • Social impact bonds
  • Cases
    • Toward Home Case Study
    • Wellways Case Study
    • Hello Sunday Morning Case Study
    • Cricket Victoria Case Study
    • Sacred Heart Mission Case Study
  • Insights
  • Contact

launch of mcm social impact investment

26/10/2020

 
Picture
Social Impact Bonds, Education, Mental Health, Impact Investment 
Australia's first education & mental health social impact bond launched today 

Melbourne City Mission has signed Victoria's third Social Impact Bond focusing on young people disengaged from school.
Picture
Latitude Network congratulates Melbourne City Mission (MCM) on the announcement of its Partnership Addressing Disadvantage (PAD) contract with the Victorian State Government known as the ‘Living Learning’ program. 
 
Latitude Network supported MCM in its initial PAD application and throughout the negotiation with Government, providing advice and technical assistance across service design, financial model, negotiation and data use. We are now working with MCM to develop a live data and performance system set up to help them achieve their outcomes targets.
 
‘Living Learning’ is a new, targeted program which addresses barriers for young people who are disengaged from school and living with mental illness. MCM developed the program using its expertise in re-engaging with, and supporting, young people through their independent school, the Hester Hornbrook Academy. 
 
As lead advisors to MCM throughout the journey, we are excited to see the program announced and young people able to start entering the program from today.
 
Latitude Network was also pleased to work with leading Australian social finance experts, Sefa, who provided advice on blended capital structuring options, targeting foundation investors using their corpus and granting arm.

Innovative financing structure: Watch this space

We can’t yet share the details of the innovative financial structure behind Living Learning. Sign up to our newsletter so we can let you know those details as soon as they are available. 
 
At a future date we will also be running a Webinar with Sefa in collaboration with Pro Bono News to talk through the details of the investment structure. Keep an eye out for the invitation.

Key elements of the program

Key program elements include - 
  • ​144 participants aged 15 to 21 across Melbourne;
  • Three-year program through MCM's independent school, the Hester Hornbrook Academy which has specialised campuses across Melbourne;
  • Education and support for young people who are disengaged from employment, education and training and who have a mental health condition; and
  • Part of the State Government's Partnerships Addressing Disadvantage social impact investment program.

​See the Victorian Government's Press Release here.

Comments are closed.

    Filter by:

    All
    Case Study
    Collaboration
    Data
    Education
    Health
    Homelessness
    Impact Investing
    Infrastructure
    Justice
    Mental Health
    News
    Outcomes Contracts
    Outcomes Measurement
    Philanthropy
    School Engagement
    Shared Value
    Social Impact Bonds
    Strategy
    Thinking
    Work
    Young People

    Archives

    December 2022
    November 2022
    April 2022
    March 2022
    December 2021
    November 2021
    September 2021
    May 2021
    April 2021
    October 2020
    September 2020
    August 2020
    May 2020
    October 2019
    September 2019
    August 2019
    April 2019
    February 2019
    August 2018
    July 2018
    June 2018
    May 2018
    February 2018
    June 2017
    February 2017
    November 2016

    RSS Feed


Latitude Network Pty Ltd
Social Impact Consultancy
Use insights for good
​
Get ideas, news and how to's in your inbox that help you improve your social impact  - subscribe


Contact:   dale@latitude.network  or   russ@latitude.network​
We acknowledge all First Peoples of this land and celebrate their enduring connections to Country, knowledge and stories. We pay our respects to Elders and Ancestors who guide the Aboriginal and Torres Strait Islander community.

  • About
    • Our Team
    • Vision
  • Services
    • Research
    • Service Design >
      • Outcomes-based Infrastructure
    • Operations Systems
    • Data & Analytics >
      • Data Partnerships
      • Data Analytics
    • High Performance
    • Impact & Funding >
      • Social impact bonds
  • Cases
    • Toward Home Case Study
    • Wellways Case Study
    • Hello Sunday Morning Case Study
    • Cricket Victoria Case Study
    • Sacred Heart Mission Case Study
  • Insights
  • Contact