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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
	type	WrittenParliamentaryQuestion
	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
	type	WrittenParliamentaryQuestion
	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

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
	type	WrittenParliamentaryQuestion
	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

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
	type	WrittenParliamentaryQuestion
	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