Luciana Berger – 2016 Parliamentary Question to the Cabinet Office

The below Parliamentary question was asked by Luciana Berger on 2016-01-21.

To ask the Minister for the Cabinet Office, with reference to the Prime Minister’s speech of 11 January 2016, on life chances, what the sources of the £60 million of social investment for drug and alcohol treatment are expected to be.

Mr Rob Wilson

The Government has actively supported the growth of the social investment market over the last five years. This includes through the establishment of Big Society Capital which is investing up to £600m in growing the social investment market, and the Social Investment Tax Relief which is incentivising individual investors to make social investments. Other social investors investing in social impact bonds include charitable trusts and foundations as well as institutional investors and dedicated social impact funds.