The Big Issue’s social investment arm Big Issue Invest (BII) has vowed to invest £400,000 in a bid to help people recovering from drug and alcohol abuse find work.
Working alongside WDP, a charity that helps people affected by substance misuse, the investment will be used to enable more than 1,7000 people across eight London boroughs to find work, reported The Big Issue.
Jobseekers will receive intensive support alongside an up-front job search leading to paid employment, while also gaining in-work support from an employment specialist.
“This will be the largest IPS social impact bond service to date backed by a social investor,” said Lars Hagelmann, Investment Director at BII.
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