The Life Chances Fund (LCF) seeks applications from local commissioners, service providers and intermediaries who seek to use Social Impact Bonds (SIB) to tackle complex social problems that affect children and young people.
The £80m Fund was launched in July 2016 with the objective of helping those people in society who face the most significant barriers to leading happy and productive lives. The fund contributes to outcome payments for Social Impact Bonds.
Expression of interest for funding from the Life Chances Fund for Early Years and Young People are due by 31 March 2017.
The themes of Healthy Lives and Older People’s Services will be open to applications in June 2017.
BLF will be running six free events in June focusing on Older People’s Services and Healthy Lives. In addition to information delivered by the Fund, there will be presentations from investors and commissioners who are either developing or delivering SIB proposals. This will be an excellent opportunity for finding out more about LCF and networking with other interested parties.
The event dates in the north are:
· Leeds – Tuesday 6th June 2017
· Liverpool – Thursday 15th June 2017
If you have any questions about LCF, you can visit the website for full details or view slides from a recent webinar here. For further information about the application process, policy themes, workshops and other opportunities, please contact the Big Lottery Fund.
For further information on Outcomes Based Commissioning and Social Impact Bonds, please visit the website of the Government Outcomes Lab.
On 31 March, the Give Us A Chance Consortium (GUAC) is holding a webinar where Nina Zuendorf, a Policy Advisor at the DCMS Centre for Social Impact Bonds, will provide information about the Life Chances Fund. Nina will explain the scheme and also what Social Impact Bonds are, how they work – and also how they are targeted at achieving outcomes. You can register for the webinar here.