St Mungo's takes social impact bonds to the streets
In an uncertain and increasingly diverse charity funding landscape, Pioneers Post zooms in on St Mungo's, a UK homelessness charity, and finds out how it's using a social impact bond to fund work with homeless people.
Viewing the social impact bond through the lens of the UK's philanthropic history, Pioneers Post finds out how this funding mechanism is working for St. Mungo's in its Street Impact project. The Street Impact team members, who work closely with 415 homeless people, on a payment by results basis, explain how they are faring in a new funding culture with specific social outcomes to meet.
