Life Chances Fund: Supporting Projects based in U.K. with up to £80 million

Deadline: 31 March 2017

The Life Chances Fund is now open for expressions of interest (EOIs) in the themes of early years and young people.

The Life Chances Fund will aim for contributions of around 20% of total outcomes payments, with local commissioners paying for the majority of the outcomes payments. However the level of contribution from the LCF will be refined to reflect the balance in savings that are generated for the wider public sector. Where the rate of savings to central government are relatively low and/or the immediate savings to the local commissioner are very high, levels of contribution will be refined to reflect this.

Objectives

  • increasing the number and scale of SIBs in England
  • making it easier and quicker to set up a SIB
  • generating public sector efficiencies by delivering better outcomes and using this to understand how cashable savings are
  • increasing social innovation and building a clear evidence base of what works
  • increasing the amount of capital available to voluntary, community and social enterprise (VCSE) sector providers to enable them to compete for public sector contracts
  • providing better evidence of the effectiveness of the SIB mechanism and the savings that are being accrued
  • growing the scale of the social investment market

Funds Available

The Life Chances Fund (LCF) is an £80 million top-up fund, whose objective is to help those people in society who face the most significant barriers to leading happy and productive lives. This forms part of the Prime Minister’s life chances approach.

Eligibility Criteria

Organisations based in UK are eligible to apply.

How to Apply

  • Interested applicants should send their EOIs at the address given on the website.
  • Successful applicants will then be required to submit full applications.

Eligible Country: UK

For more information, please visit Life Chances Fund.

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