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>
|
|