Latest Public Sector News

28.08.13

Teenagers exceed GCSE target in PbR scheme

A payment-by-results (PbR) scheme has achieved 55% of grades A*-C at GCSE in a pilot of 300 teenagers in east and north London.

The pilot aims to prevent eight out of 10 of these teenagers becoming Neet – not in employment, education or training. It is funded by Big Society Capital and Impetus-PEF, who will receive payment by the DWP for results.

The target for the project was for 30% of teenagers to achieve A*-C in their exams.

Big Society Capital chief executive Nick O'Donohoe said: “This year's GCSE results are an encouraging indicator of how effective this programme is at supporting some of our most vulnerable young people into education and training.

“The model allows charities to deliver innovative preventative programmes that can deliver significant social benefits and cost savings, with social investors such as us taking the financial risk and government only paying if it works.”

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