Youth minister Tracey Crouch has announced that 10 projects will receive more than £16m from the first round of funding from the government's Life Chances Fund, which was launched in July 2016 to tackle social problems through payment-by-results schemes.
All 10 projects will receive funding through Social Impact Bonds, whereby payments are only made when agreed targets are met. They will also benefit from additional funding from 36 local authorities, to provide them with a combined pot of £37.6m
Family Drug and Alcohol Courts are the biggest recipient, and will receive £6.2m over the next seven years to support their work helping families whose children are subject to care proceedings due to parental substance abuse and domestic violence.
Meanwhile, the East Midlands Children's Services Social Investment Platform will receive £3m to support young people aged between 10 and 17, who are either in care or at risk of entering care.
And Fostering Better Outcomes, a project run by Cheshire West and Chester Council will receive £939,000. The project will provide intensive support foster care placements for 30 children aged between seven and 17, including those with complex needs looking to move from residential care into a family environment.
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