Oral Answers to Questions
Debate between Tony Baldry and Nick Hurd(10 years, 6 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hurd
I wholly acknowledge the role that the right hon. Gentleman played in that groundbreaking social impact bond at Peterborough. Its early results are extremely encouraging, and reoffending among short-sentence prisoners who receive support through the bond has fallen by 11%, while nationally that figure has risen by 10%. It was the first ice-breaking social impact bond, and I think its impact on the wider movement and the work happening across the country, with at least 15 social impact bonds live, cannot be overestimated.
Sir Tony Baldry (Banbury) (Con)
Does my hon. Friend agree that we all need to do more to make voluntary organisations and charities aware of the benefits of the growing social investment market of Big Society Capital, and of the Public Services (Social Value) Act 2012?
Mr Hurd
I wholly agree and I am clear about what we are trying to do. Over time—it will take some time—we are trying to build a third pillar of funding for our social sector to sit alongside philanthropy and the public sector, and we lead the world in doing that. The Public Services (Social Value) Act was groundbreaking legislation that requires commissioners to think very seriously about how they can maximise the social and environmental benefit of every pound of public money they spend.
Oral Answers to Questions
Debate between Tony Baldry and Nick Hurd(10 years, 9 months ago)
Commons ChamberRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Hurd
I am certainly very happy to raise that with colleagues in the Department for Education. Over the years, I have developed a deep admiration for the work of youth workers, who can have an extraordinary impact on young people. I will therefore raise that point with other Departments.
Sir Tony Baldry (Banbury) (Con)
These questions tend to ignore the enormous amount of voluntary work already done by youth organisations in our constituencies—people helping young homelessness projects, street pastors, sea cadets, air cadets, Army cadets, scouts and guides. Huge numbers of youth organisations are run or assisted by adult volunteers, and they do not need the intervention of the state to thrive and prosper.
Mr Hurd
I fully agree with my right hon. Friend’s points. A huge number of organisations seek to help and develop young people. Part of the challenge for us is to try to connect them with local authorities, which have a statutory duty, to see whether services at local level can be joined up more effectively for the benefit of young people in the area.