Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to her Department's press release entitled Largest fund of its kind to support vulnerable kids & families, published on 14 July 2025, which organisation will manage the Better Futures Fund.

At the Spending Review, we committed to announcing further details on our plans for Social Impact Investing over the summer. This announcement – alongside the announcements to support low-income families made at SR25 – are a downpayment ahead of the Child Poverty Strategy being published in the autumn, and will form part of it.

As per the press notice, the Better Futures Fund will be managed by the Department of Culture, Media and Sport in close collaboration with other departments and engagement with the impact investing sector.

The Better Futures Fund was included in the Spending Review, under the Public Service Reform section. This was before it was named the BFF and was under the working title of ‘Social Impact Investing Vehicle’:

The Better Futures Fund will support up to 200,000 children and their families over the next ten years by bringing together government, local communities, charities, social enterprises, investors, and philanthropists to work together to give children a brighter future.