Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Capital on the Frontier Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Frontier Finance Best Practices Geographies
Slack Agent of Impact Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe Log In

U.K. government funds 10 social impact bonds

ImpactAlpha, May 10 – The U.K. government awarded the money to projects that provide education and training to young people searching for jobs. It is the second round of disbursements from the 80 million pound Life Chances Fund, launched in 2016 to use pay-for-success contracts. Investors are reimbursed if the local-government programs meet agreed-upon goals.

  • Second round… The U.K. government is providing 28 million pounds to 10 projects. Local authorities will contribute a combined 83 million pounds.
  • Transforming social services… The biggest recipient was Sheffield City Council, which will take in 19.2 million pounds to improve public service delivery.

The Life Chances Fund targets drug and alcohol dependency, children’s services, early years, young people, services for the elderly and healthy lives. Click here for a full list of the projects.

You might also like...