Poulter – 2016 Parliamentary Question to the Cabinet Office

The below Parliamentary question was asked by Poulter on 2016-01-14.

To ask the Minister for the Cabinet Office, what the funding criteria will be for the social investment outcomes fund; and whether NHS providers of alcohol and drug addiction services will be able to apply for that funding.

Mr Rob Wilson

In the spending review the Chancellor announced £80m for a new social outcomes fund to support the creation of locally developed social impact bonds tackling a range of social problems. The Cabinet Office has responsibility for the fund. The detailed criteria for the fund is being developed, but it will provide a portion of outcome payments for locally commissioned social impact bonds where some of the benefits and savings generated fall to central government.