Rebecca Long Bailey – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Rebecca Long Bailey on 2016-03-22.

To ask Mr Chancellor of the Exchequer, with reference to paragraph 1.293 of Budget 2016, how his Department plans to support the establishment of a Life Chances Investment Fund; and how much funding will be allocated to that Fund.

Greg Hands

The government will work with Greater Manchester to establish a Life Chances Investment Fund from April 2017. This will bring together into a single pot funding from the Troubled Families programme, the Working Well pilot, the Cabinet Office Life Chances Fund and Greater Manchester’s own resources. The precise size of the Fund will be agreed over the coming months. Further detail on the government and Greater Manchester’s plans for this Fund can be found in the document on further devolution to Greater Manchester agreed alongside the Budget. This is available at https://www.gov.uk/government/publications/devolution-to-the-greater-manchester-combined-authority-and-transition-to-a-directly-elected-mayor.