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1010767

registered interest
date	20/11/2018
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Life Chances Fund
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, how much of the Life Chances Fund remains to be spent.
tabling member constituency	Croydon North
tabling member printed	Mr Steve Reed
uin	193601
answer	answer is ministerial correction date of answer 27/11/2018 answer text <p>The Life Chances Fund (LCF) is an £80m fund to help people in society who face the most significant barriers to leading happy and productive lives. It provides top-up contributions to locally commissioned Social impact Bonds (SIBs) that aim to tackle complex social problems.</p><p> </p><p>All of the £80m Life Chances Fund has been awarded in principle to local commissioners, including local authorities and clinical commissioning groups. These commissioners are at various stages of designing and delivering the projects. Approximately £6,435,350 has so far been spent, leaving £73,564,650.</p><p> </p><p>£5m of the spend to date has been devolved directly to Greater Manchester Combined Authority, with the remainder covering programme costs including the application process and support with setting up projects.</p><p> </p><p>Payments for outcomes delivered by the new services are scheduled to begin in early 2019 and continue for the next six years.</p> answering member constituency Eastleigh answering member printed Mims Davies question first answered 27/11/2018 14:07:00 answering member 4513 label Biography information for Mims Davies
tabling member	4268 label Biography information for Steve Reed

1010768

registered interest
date	20/11/2018
answering body	Department for Digital, Culture, Media and Sport
answering dept id	10
answering dept short name	Digital, Culture, Media and Sport
answering dept sort name	Digital, Culture, Media and Sport
hansard heading	Social Impact Bonds
house id	1
legislature	25259 pref label House of Commons
question text	To ask the Secretary of State for Digital, Culture, Media and Sport, how much profit has been distributed to investors in social impact bonds since 2010.
tabling member constituency	Croydon North
tabling member printed	Mr Steve Reed
uin	193602
answer	answer is ministerial correction date of answer 27/11/2018 answer text <p>A range of national and local commissioners have used social impact bonds and DCMS does not routinely collect data on investor returns associated with these contracts.</p><p> </p> answering member constituency Eastleigh answering member printed Mims Davies question first answered 27/11/2018 14:13:53 answering member 4513 label Biography information for Mims Davies
tabling member	4268 label Biography information for Steve Reed