The Life Chances Fund (LCF) is an £80 million top-up fund, whose objective is to help those people in society who face the most significant barriers to leading happy and productive lives.
The £80 million has been committed by central government to provide contributions to outcome payments for payment-by-results contracts, which involve socially minded investors – i.e. towards Social Impact Bonds (SIBs). These contracts must be locally commissioned and aim to tackle complex social problems. The fund is particularly focused on outcomes in early years and for young people.
The second call for Expressions of Interest opens in January. A launch event will take place from 9.30 until 12.30 on 17th February 2017 in Nottingham. The event will be delivered by the Head of the Fund and will include:
· an overview of the fund and how it works;
· how to put together a good EOI.
The event is for providers and commissioners of early years and young people’s services. To reserve a place email firstname.lastname@example.org . Further guidance on how to apply and more information regarding social impact bonds and social investment can be found on the Life Chances Fund homepage.