Civil Society Covenant: AllChild and Better Society Capital
Flexible commissioning for impactful early action.
AllChild is a charity created to harness community resources to work with schools, local authorities, philanthropists, government and the voluntary and community sector to improve life chances for the 20% of children most at risk of poor outcomes. The programme is an intensive two year package of support tailored to each child’s unique strengths, needs and aspirations.
Funding model
In terms of its funding model, AllChild is supported by outcomes-based commissioning, which sees social investors such as Better Society Capital channel money through fund managers to provide working capital for the organisation. The commissioner, in this case local government, only pays out once target outcomes are achieved, such as improved wellbeing for children. This funding model reduces the financial risk on public bodies, thereby encouraging investment in innovative and flexible programmes.
Outcomes
Outcomes-based contracts provide flexibility and sustainability for social sector organisations, enabling them to create partnerships with stakeholders including the local public sector, philanthropists and investors, while delivering tailored, impactful services.