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Banks will only back schemes producing quick wins, fear providers

3 mins read Children's Services Early help
After Graham Allen's first report sought to promote best practice in early intervention, the focus has now turned to how such schemes will be funded, with concerns that investors will want speedy returns.

The most vulnerable families in areas of greatest deprivation risk being overlooked under plans to court financial institutions to fund early intervention services.

Following the publication of Graham Allen's first report on early intervention last week, which suggested how to strengthen and expand upon existing schemes, the focus of the review will now switch to how programmes can be funded.

But service providers have warned that plans could struggle if big banks, keen to guarantee a profit from any investment, focus their attentions on projects that have a high likelihood of success for delivering returns over a relatively short period.

In the absence of funding from central government, this could make it difficult to fund long-term schemes and those centred on the most disadvantaged areas.

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