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1110703

registered interest
date	09/04/2019
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of Social Impact Bonds; and whether they intend to continue the scheme.
tabling member printed	Lord Storey
uin	HL15167
answer	answer is ministerial correction date of answer 25/04/2019 answer text <p>Government has launched several Social Impact Bond programmes since 2010, including the Peterborough Prison Offender Rehabilitation service, the Social Outcomes Fund, two Rough Sleeping Programmes and the Fair Chance Fund. Evaluation and assessment findings have shown that Social Impact Bonds can successfully address complex social problems, with evidence of both improved outcomes and reductions in costs.</p><p> </p><p>The Centre for Social Impact Bonds will continue to build the evidence base for Social Impact Bonds by supporting the monitoring and evaluation of current programmes, and building on our partnership with the Government Outcomes Lab at Oxford University, a centre of expertise for Social Impact Bonds and innovative Government commissioning.</p><p> </p><p>In line with our commitments outlined in the Civil Society Strategy, the Centre for Social Impact Bonds will continue to provide support to government departments to deliver Social Impact Bonds at scale. Government is also supporting the use of Social Impact Bonds in the commissioning of local public services through the Life Chances Fund, an £80m fund to help people in society who face the most significant barriers to lead happy and productive lives.</p> answering member printed Lord Ashton of Hyde question first answered 25/04/2019 11:59:51 answering member 4247 label Biography information for Lord Ashton of Hyde
tabling member	4238 label Biography information for Lord Storey

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

1003622

registered interest
date	09/11/2018
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, what estimate his Department has made of the savings social impact bonds have made to the public purse since 2010.
tabling member constituency	Croydon North
tabling member printed	Mr Steve Reed
uin	189695
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>Social Impact Bonds have been used by a range of commissioners, both national and local, to commission public services. DCMS has not estimated total savings delivered to the public purse using Social Impact Bonds since 2010.</p><p> </p><p>Several Social Impact Bond programmes have been independently evaluated and some of these evaluations estimate savings. The Government Outcomes Lab, a partnership initiative between DCMS and the Blavatnik School of Government at Oxford University, provides links to SIB evaluations in their <a href="https://golab.bsg.ox.ac.uk/knowledge/resources/" target="_blank">online publications library</a>.</p> answering member constituency Eastleigh answering member printed Mims Davies question first answered 14/11/2018 16:37:14 answering member 4513 label Biography information for Mims Davies
tabling member	4268 label Biography information for Steve Reed

1003623

registered interest
date	09/11/2018
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 his Department has spent promoting social impact bonds since 2010.
tabling member constituency	Croydon North
tabling member printed	Mr Steve Reed
uin	189696
answer	answer is ministerial correction date of answer 14/11/2018 answer text <p>DCMS manages expenditure for the £20m Social Outcomes Fund and the £80m Life Chances Fund to promote the development of social impact bonds. These contribute to the cost of outcomes delivered by social impact bond programmes led by local commissioners or other government departments. £19,440,000 had been spent up to 31st March 2018.</p> answering member constituency Eastleigh answering member printed Mims Davies question first answered 14/11/2018 17:36:15 answering member 4513 label Biography information for Mims Davies
tabling member	4268 label Biography information for Steve Reed

997401

registered interest
date	29/10/2018
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, what the cost of social impact bonds has been to the public purse since 2010.
tabling member constituency	Croydon North
tabling member printed	Mr Steve Reed
uin	185070
answer	answer is ministerial correction date of answer 07/11/2018 answer text <p>Government has funded £53.65m worth of public services commissioned using Social Impact Bonds through the following completed programmes:</p><p> </p><ul><li>Social Outcomes Fund for projects meeting multiple needs - £2.2m</li><li>Peterborough Prison Offender Rehabilitation service - £3.95m</li><li>Fair Chance Fund providing services tackling youth homelessness - £14.1m</li><li>Greater London Authority’s Rough Sleeping service - £3.4m</li><li>Innovation Fund addressing youth unemployment - £30m.</li></ul><p> </p><p>In addition the Government has committed up to a further £111m through the following programmes, some of which are are underway:</p><p> </p><ul><li>Life Chances Fund, supporting public service commissioners around the country to use SIBs to address complex social issues - £80m</li><li>Youth Engagement Fund tackling youth unemployment - £16m</li><li>Rough Sleepers SIB Programme - £10m</li><li>£5m for Care Leavers as part of the Innovation Programme.</li></ul><p> </p> answering member constituency Kenilworth and Southam answering member printed Jeremy Wright question first answered 07/11/2018 10:03:39 answering member 1560 label Biography information for Sir Jeremy Wright
tabling member	4268 label Biography information for Steve Reed

935181

registered interest
date	05/07/2018
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	2
legislature	25277 pref label House of Lords
question text	To ask Her Majesty's Government what assessment they have made of Social Impact Bonds as a commissioning tool.
tabling member printed	Lord Kennedy of Southwark
uin	HL9298
answer	answer is ministerial correction date of answer 17/07/2018 answer text <p>Headline findings from evidence work undertaken by Government have shown that Social Impact Bonds can successfully address complex social problems through innovative practice and help individuals who have multiple needs.</p><p> </p><p>Where Social Impact Bonds have launched, they have demonstrated evidence of both improved outcomes and reductions in high cost events, such as the entry of looked after children into residential care. The level of impact evidence from Social Impact Bonds has also proven to be typically higher than many government programmes.</p><p> </p><p>Government has increased funding available for new Social Impact Bonds and it is important that these provide robust evaluations to inform further assessment.</p><p> </p><p>The Centre for Social Impact Bonds in DCMS continues to work with the Government Outcomes Lab at Oxford University, a centre of expertise for Social Impact Bonds and innovative Government commissioning, to build the evidence base for Social Impact Bonds.</p><p> </p> answering member printed Lord Ashton of Hyde question first answered 17/07/2018 12:06:14 answering member 4247 label Biography information for Lord Ashton of Hyde
tabling member	4153 label Biography information for Lord Kennedy of Southwark