Australia’s largest Social Impact Bond.
COMPASS is a leaving care program for young people (aged 16.5 to 18.5 years) who are living in or have recently left Out of Home Care in the Metropolitan Western, North Eastern or Greater Bendigo regions.
"I left my home when I was 18, and like many, I found it almost impossible to budget my dole money. Looking back, it was far too much to do, coming from a difficult background and I made so many mistakes. I often went hungry because I'd mismanaged my money and I wish there had been someone to advise me."
VincentCare and Anglicare have joined forces to deliver Australia’s largest Social Impact Bond. The joint initiative, known as COMPASS, will deliver a new model of support for 202 care leavers over the next five years.
Research shows young people leaving care are more likely to be homeless, unemployed, suffer mental health concerns or be involved in the criminal justice system, compared to other young people. The evidence also shows that with the right support care leavers can achieve better life outcomes.
VincentCare will manage the housing component by providing properties, tenancy and property management. Anglicare will provide practical support through key workers and intensive case management; helping with education, training and job opportunities, and boosting young peoples’ health and wellbeing.
- Two years of support;
- A key worker than understands individual needs and aspirations and will help develop the skills and supports required for independent living;
- Access to a suitable and affordable housing option that is safe and stable; options include support with private rental, shared accommodation or support to continue to live with a foster or kinship carer;
- Support to connect into local services in the community;
- Opportunities for training, education and employment; and
- Access to finding to support transition goals.
If you are in care: Talk to your Case Manager from either Department of Health and Human Services or your care agency.
If you have left care: Speak to your post-care provider or contact the Leaving Care hotline on 1300 532 846.
COMPASS will be evaluated to see if the model has improved the experience of care leavers and has set them on a positive path post leaving care. The evaluation will measure young people's progress for a total of four years. Two years while they are in the program and two years post COMPASS support.
The success of COMPASS will be measured against targets such as a reduction in the use of homeless and emergency housing services, improved health outcomes (a reduction in presentations at emergency departments) and reduced involvement with the criminal justice system. If this can be achieved, it will deliver tangible benefits for participants as well as economic returns for government and private investors.
Visit www.compassleavingcare.org.au for more information on COMPASS.