Overview

• The fund commits £500 million in government financing over ten years to support up to 200,000 vulnerable children with early intervention programmes.
• Ministers aim to raise an additional £500 million from local councils, private investors and philanthropic organisations to match the initial commitment.
• The Department for Culture, Media and Sport will oversee the initiative and use social impact bonds to tie investor returns to measurable social outcomes.
• Chancellor Rachel Reeves officially opened the programme at a Wigan school with backing from Save the Children UK, The King’s Trust and the Blavatnik School of Government.
• Full regional allocations and partnership agreements will be detailed at a civil society summit this week ahead of an autumn child poverty strategy.