Question to the Department for Digital, Culture, Media & Sport:

To ask the Secretary of State for Digital, Culture, Media and Sport, what steps the Government is taking to uphold the commitment it made at the 9th Commonwealth Youth Ministers meeting in point 14 of the Final Communiqué to ensure the creation of an enabling environment for youth-friendly innovative financial instruments.

This Government has pioneered the use of innovative financial instruments to both tackle social challenges and open up new opportunities for young people. Big Society Capital and Access Foundation continue to support the development and growth of mission led businesses across the country whilst the £80m Life Chances Fund is catalysing the use of locally commissioned social impact bonds to support some of the most vulnerable people in society, including disadvantaged young people.