Social Impact Bonds

(asked on 28th October 2016) - View Source

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

To ask the Secretary of State for Culture, Media and Sport, how many and which social impact boards have been promoted by government departments since 2010.


Answered by
 Portrait
Rob Wilson
This question was answered on 2nd November 2016

Since the launch of the world's first social impact bond (SIB) in Peterborough Prison in 2010, the government has supported the development of 32 SIBs across the country. This includes 14 SIBs targeting youth unemployment, 7 SIBs focused upon homelessness and 11 SIBs centred on tackling a range of issues including mental health and employment, long term health conditions, children in care and loneliness amongst older people. We have also made more than £105m available over this Parliament to catalyse the growth of SIBs aimed at tackling a range of social issues.

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