Ten projects across England that support disadvantaged children and young people will receive over £28 million, Minister for Sport and Civil Society Tracey Crouch announced today.
Ten projects are receiving investment as part of the second round of the £80 million Life Chances Fund and will focus on helping young people into employment by providing education and training. The projects will also help reduce the number of days young people spend in care and help vulnerable children get prepared for school.
The projects are Social Impact Bonds, meaning Social Investors provide projects with up front funding and are reimbursed by government only when projects meet agreed results.
The Government’s contribution is in addition to funding from local authorities who will provide a combined £83 million to the successful projects.
Minister for Sport and Civil Society, Tracey Crouch, said:
“The Life Chances Fund is helping transform lives across the country and I am looking forward to seeing how these fantastic projects use this funding to benefit children and young people, teaching them valuable life skills.”
Examples of the projects that will receive funding are:
Sheffield City Council will receive £19,294,766, the largest amount of money from the Life Chances fund. This will set up a local projects to help tackle a range of issues from mental health and wellbeing to homelessness and youth unemployment.
Harrow Council will be given £1,895,000 for its flexible therapeutic solution that offers 24/7 accessibility to support. This will enable young people to plan, coordinate and accelerate progress towards their goals. It will target vulnerable young people aged between 10 and 18, both in care and outside.
Think Forward will be granted £683,620 to implement its Move Forward programme which supports young people aged 14-25 with mild to moderate learning disabilities to develop the aspirations, qualifications and skills they need to realise their potential and gain paid employment.
The Life Chances Fund is being delivered on behalf of DCMS by the Big Lottery Fund, the largest funder of community activity in the UK.