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, which government department will have responsibility for the management of the social investment outcomes fund.

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.