Right2Succeed
Right2Succeed is a UK-based social enterprise aimed at reducing educational inequality.
According to Right2Succeed, it aims to achieve change by 'developing collaborative solutions to the systemic problems of educational inequality', piloting and proving that they work, and then scaling projects 'until they reach a systemic scale'.
It was incubated by the Young Foundation and Teach First, and has ties to NESTA, and Merrill Lynch, among others.
Contents
Projects
Right to Succeed’s first project is to develop a school-led approach to turning around challenged secondary schools in low-income communities. It is hoped the first phase of the project is up and running in early 2016.[1]
Funding
Right2Succeed received a Teach First Innovation Award in 2014, along with £10,000 in prize money.
Social Impact Bond model
Under Right2Succeed's model, initial funding would be invested in three-year “social impact bonds”, which would involve social investors stumping up for projects at each of the schools. These would be linked to targets covering a range of measures, such as exam results, attendance, behaviour, destination data and student well-being. Providing the targets were hit by the end of the three years, the investment would be refunded by the commissioning body. And if the projects were unsuccessful, the loss would be borne by the investors rather than the taxpayer.
The names of the investors putting up the money is not known.[2]
Partners
'Development partners' of Right2Succeed include:
- Bank of America Merrill Lynch
- New Philanthropy Capital
- Numbers4Good
- Innovation Unit
- NESTA
- Teach First
- Young Foundation
- Zing
- ASCL (Association of School and College Leaders)
- Garfield Weston Foundation
- Montpelier Foundation
People
Trustees
- Dame Sally Coates – United Learning Trust, an academy chain
- Anthony Harte – Bank of America Merrill Lynch
- David Sheldon – Bank of America Merrill Lynch
- Bethia McNeil – Social Research Unit
- Jo Owen – Teach First, Future Leaders, Teaching Leaders and Achievement for All 3As
- Gemma Rocyn Jones – Young Foundation
- Chris White – Zing and Unleashing Potential
- Prof Sonia Blandford – Achievement for All, an education charity
Staff
- Graeme Duncan – Chief Executive; Duncan was a graduate recruited by Teach First.
Contact
- Website:http://righttosucceed.org.uk
- Twitter: @Right2Succeed
References
- ↑ ‘If we get it right, we have solved a problem: inequality’ TES, 17 October 2014
- ↑ ‘If we get it right, we have solved a problem: inequality’ TES, 17 October 2014
