Early years organisations delivering high quality, evidence-based interventions can apply for a slice of funding worth £80m, the Department for Culture, Media and Sport (DCMS) and Cabinet Office have announced.
The Life Chances Fund aims to tackle social problems by contributing around 20 per cent of costs to locally developed projects led by social investors.
Contracts will be funded through payment-by-results models, such as Social Impact Bonds (SIBs). The government expects local commissioners to pay the remainder of outcomes payments.
The fund will support projects working across six themes, of which early years and young people are the latest to be announced.
It is currently seeking expressions of interest from projects focused on early years that address attainment and behaviour, health and wellbeing and prenatal care and infant health.
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