Fund: Youth Engagement Fund - United Kingdom
Country: United Kingdom
Mechanism: The Youth Engagement Fund will test the extent to which a payment by results approach involving social investors and local financial contributions can drive improved educational and employment outcomes for the most disadvantaged young people in society.
Purpose: The Youth Engagement Fund aims to help disadvantaged young people to participate and succeed in education or training in order to improve their employability, reduce their long-term dependency on benefits, and reduce their likelihood of offending. The Government aims to provide funding through social impact bonds and will only pay if projects lead to positive outcomes.
Secondary SDG goals: 8,10,17
Expression of interest: 2014-07
Total outcome fund value, aspiration: 16000000 GBP
Total outcome fund value, actual:  GBP