Social Outcomes Fund
(asked on 14th January 2016) - View Source
Question to the Cabinet Office:
To ask the Minister for the Cabinet Office, which government department will have responsibility for the management of the social investment outcomes fund.
This question was answered on 20th January 2016
In the spending review the Chancellor announced £80m for a new social outcomes fund to support the creation of locally developed social impact bonds tackling a range of social problems. The Cabinet Office has responsibility for the fund. The detailed criteria for the fund is being developed, but it will provide a portion of outcome payments for locally commissioned social impact bonds where some of the benefits and savings generated fall to central government.