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997401
registered interest false more like this
date less than 2018-10-29more like thismore than 2018-10-29
answering body
Department for Digital, Culture, Media and Sport more like this
answering dept id 10 more like this
answering dept short name Digital, Culture, Media and Sport more like this
answering dept sort name Digital, Culture, Media and Sport more like this
hansard heading Social Impact Bonds remove filter
house id 1 more like this
legislature
25259
pref label House of Commons more like this
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. more like this
tabling member constituency Croydon North more like this
tabling member printed
Mr Steve Reed more like this
uin 185070 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2018-11-07more like thismore than 2018-11-07
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> more like this
answering member constituency Kenilworth and Southam more like this
answering member printed Jeremy Wright more like this
question first answered
less than 2018-11-07T10:03:39.38Zmore like thismore than 2018-11-07T10:03:39.38Z
answering member
1560
label Biography information for Sir Jeremy Wright more like this
tabling member
4268
label Biography information for Steve Reed more like this