DEMAND AN END TO POVERTY THIS GENERAL ELECTION
TAKE ACTION
Press Release

Big Issue Invest’s £400k boost to help 1,700 ex-addicts find jobs

Drugs and alcohol abuse charity WDP will use the investment to provide a path to employment and in-work support in eight London boroughs

The Big Issue’s social investment arm Big Issue Invest (BII) has committed £400,000 to help people recovering from drug and alcohol abuse enter employment.

WDP – a charity helping people affected by substance misuse – will use the investment to help more than 1,700 people across eight London boroughs, offering them intensive support alongside an up-front job search leading to paid employment. They will also receive in-work support from an employment specialist.

IPS-Into-Work-2

Using the Individual Placement and Support (IPS) model, WDP will support people who would otherwise be unable to enter the jobs market in Brent, Barnet, Harrow, Hillingdon, Hounslow, Ealing, Westminster and Kensington & Chelsea.

The social impact bond is an outcome-based investment from BII’s Outcomes Investment Fund.

“This will be the largest IPS social impact bond service to date backed by a social investor,” said Lars Hagelmann, investment director at BII. “As the third investment into this service through Mental Health and Employment Partnership, this is an exemplary case of the outcomes fund proving and then scaling an exciting innovation that’s positively impacting hundreds of lives in London.”

Yasmin Batliwala, WDP chair, added: “We are delighted to have been awarded this groundbreaking contract. The new service – IPS Into Work – will guarantee much-needed resource to support people into paid employment and also enable them to live healthier and more productive lives.

“WDP has a strong reputation in assisting our service users to reintegrate through many successful and progressive in-house initiatives. We are confident this offer will further enhance our service users’ potential to achieve lasting recovery.”

Support the Big Issue

For over 30 years, the Big Issue has been committed to ending poverty in the UK. In 2024, our work is needed more than ever. Find out how you can support the Big Issue today.
Vendor martin Hawes

Recommended for you

View all
Big Issue and Mencap break new ground with magazine compiled entirely by people with a learning disability
Press Release

Big Issue and Mencap break new ground with magazine compiled entirely by people with a learning disability

King’s Honours recognise Big Issue Invest CEO and Big Issue Ambassador
Left photo of Danyal Sattar, CEO of Big Issue Invest. Right photo of Sabrina Cohen-Hatton, Big Issue Group Ambassador
Press Release

King’s Honours recognise Big Issue Invest CEO and Big Issue Ambassador

John Bird – Response to the Labour manifesto
Labour leader Keir Starmer launches manifesto including promises to fix the housing crisis
Press Release

John Bird – Response to the Labour manifesto

Emilia Clarke’s charity SameYou partners with Big Issue to help brain injury survivors return to work
Press Release

Emilia Clarke’s charity SameYou partners with Big Issue to help brain injury survivors return to work

Most Popular

Read All
Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits
Renters: A mortgage lender's window advertising buy-to-let products
1.

Renters pay their landlords' buy-to-let mortgages, so they should get a share of the profits

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal
Pound coins on a piece of paper with disability living allowancve
2.

Exclusive: Disabled people are 'set up to fail' by the DWP in target-driven disability benefits system, whistleblowers reveal

Cost of living payment 2024: Where to get help now the scheme is over
next dwp cost of living payment 2023
3.

Cost of living payment 2024: Where to get help now the scheme is over

Strike dates 2023: From train drivers to NHS doctors, here are the dates to know
4.

Strike dates 2023: From train drivers to NHS doctors, here are the dates to know